Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Casual on June 26, 2021, 08:29:19 AM
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The days of 4,000% APY on DeFi liquidity pools could soon be replaced by safer, lower-yielding stablecoin-denominated pools. In times like these, when the entire cryptocurrency market is down and there is nary a sector-wide runup to be found, traders have to dig into data to see how the market dynamics may have changed to pinpoint signs of new growth. Stablecoins are the newest trend to emerge in the decentralized finance (DeFi) arena due to the resiliency they bring to the sector, especially since protocols that are more reliant on the dollar-pegged assets continue to offer token holders low-risk yield opportunities in turbulent market conditions. Possible evidence of stablecoins rising influence can be found in the difference between the decline in Ether’s (ETH) price and the total value locked in smart contracts. The price of Ether declined by 20% more from its peak than the decline in the total TVL of the DeFi sector.more (https://cointelegraph.com/news/altcoin-roundup-stablecoin-pools-could-be-the-next-frontier-for-defi)
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Indeed, these stable coins have become very valuable Pools for various DeFi projects that are already running wildly throughout cryptocurrencies.
I also when using the "SWAP" feature on Metamask, the simplest thing is always looking for stable coins to hold assets or to move directly with various altcoins.
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USDT is indeed a very expensive coin in terms of community and certainly has a stable price, USDT has full support from various communities and beats the strength of USDC and BUSD.
But I also believe that someday USDT will have a tough competition with other stable coins if USDT doesn't provide decent and good innovation in the future for its development.