Do we really need stable coins?

[Malam90]

if we look at 5 years back, cryptocurrency can still run and develop even though at that time stable coins did not exist,
but now stable coins have appeared and many of them,
I sometimes ask, do we really need to have a stable coin?
because I feel stable coins are made one of them to enrich the team and dev,
because if they sell coins it won't affect the market because it's a stable coin,
this is only my opinion,
so give your opinion so that I have a lot of insight.

If we find back from the last 5 years, we can see that a lot of new and stable coins are prevailing in the crypto markets like USDT, TUSD. I think we don't need new stable coins anymore.

[zendicator]

yes we need that for mass adoption. Some of the people, firms or institutions does not like the volatility. They will prefer stable coins that high volatility coins. at the end of the day, our aim is mass adoption. However this stable coins would trigger the slow increase of the value of bitcoin.

[sturec22]

I think we both do and do not need them. If you ask why that is for the mass adoption and to make people get use to the crypto network. If you ask why not, it is because it can also make the adoption harder, btc should be the stable coin and there should not be any need for any stable coins...

[tonymillions84]

The stable coins are worthless. i see no usage. USDT remains the only and only stable coin. it is unnecessary getting as many stablecoins around. it is not needed. my own point of view. one single stable coin is enough for stability. just like bitcoin and eth. 

[Noverteno]

Stable coins we need. They simplify the work with cryptocurrency and thanks to them people will become more acquainted with cryptocurrency and this will facilitate its introduction into our life. I do not see any bad sides in the appearance of stable coins.

[Confero]

Cryptocurrency is a digital currency that has a fluctuating price ie the price can go up and down at any time, I don't really understand what this stable coin means, if I think that stable coin doesn't need to be in the Cryptocurrency.  Because with Cryptocurrency prices that go up and down will make us get a lot of profits.

[muneerashine]

As long as BTC is very volatile and traded as speculative investment , stablecoin is needed and to avoid losses like a major crash in 2018.

[Debasco]

No and yes, it's felexible when it's unstable when its stable it's will be fixed and this can only be done by the government is a matter of 50/50

[Fenix]

 Stable coins, of course, we need. They greatly facilitate our work with the usual cryptocurrency. The more choice we have of stable coins, the better. Stable coins, backed by the money of my country, yet. I would like to see such a stable coin.
The emergence of such stable coins as Libra will also contribute to the development of cryptocurrency.

[aiviaa485]

Then why does the Libra in the Whitepaper speak stable coins?
Does Libra need stable coins?

The answer : It is certain that stable coins are definitely needed by the development of coins that already have a lot of money like Facebook.
                      Libra and Facebook need stable coins because they also need recognition in the new world, namely cryptocurrency.

[ComeBack]

Then why does the Libra in the Whitepaper speak stable coins?
Does Libra need stable coins?

The answer : It is certain that stable coins are definitely needed by the development of coins that already have a lot of money like Facebook.
                      Libra and Facebook need stable coins because they also need recognition in the new world, namely cryptocurrency.

I see, So because they already have that lot of money what they only need now is just some kind of mark on the crypto world? Because  based on my understanding stable coins will not really going to increase or decrease the price right? Anyway thank you for the informations sir.

[densus88]

if we look at 5 years back, cryptocurrency can still run and develop even though at that time stable coins did not exist,
but now stable coins have appeared and many of them,
I sometimes ask, do we really need to have a stable coin?
because I feel stable coins are made one of them to enrich the team and dev,
because if they sell coins it won't affect the market because it's a stable coin,
this is only my opinion,
so give your opinion so that I have a lot of insight.

Yes  think cryptocurrency  is high volatile.  It is good for trading and investing.  so I think We dont need  stable coin

[arnishad]

I still keep variety of altcoins from the decline that happened last year. i believe the altcoin market movement isn't smart, thus thus far I still hold the altcoin. a number of that I actually have sold  for bitcoin as a result of I see growth I have to own bitcoin.

[Peter90]

Cryptocurrency is a digital currency that has a fluctuating price ie the price can go up and down at any time, I don't really understand what this stable coin means, if I think that stable coin doesn't need to be in the Cryptocurrency.  Because with Cryptocurrency prices that go up and down will make us get a lot of profits.

@Confero,
Cryptocurrency were created to offer another kind of money, not to speculate and make you get a lot of profits.
Cryptocurrency is much bigger than that.

Cryptocurrency is a monetary revolution, not just another way to make gamblers and speculators rich (or poor).
Cryptocurrency has the chance of being a new kind of money, a better money than the current fiat money.

The role of money is not to make you rich but to be store of value, means of both payment and transfer value.

If you consider all of this, you'll see why Stablecoins are so important.

Considering cryptocurrencies just as a means to become rich, you are depicting them a niche phenomenon, something reserved to gamblers and speculators.

[Niteroy]

The stable coins are worthless. i see no usage. USDT remains the only and only stable coin. it is unnecessary getting as many stablecoins around. it is not needed. my own point of view. one single stable coin is enough for stability. just like bitcoin and eth.

There are other stable coins that are backed up by certain assets and they are also popular among traders.  Several stablecoin provides competition between them and this reduces the likelihood of the collapse of the cryptocurrency market in case of problems with one of the stablecoin. Soon Binance plans to release stablecoin backed by a pound sterling.