Do we really need stable coins?

[corr]

Yes we really need stable coins like stable USD, USD,. If bitcoin and Ethereum stable then maximum project would be succeed.

I am a fan of regular USD. If every exchange had USD on the exchange then we wouldn't need stablecoins. But market owners are not comfortable with having USD. It is advantageous for them to create a stablcecoin and tell everyone that 1 stablecoin is backed by 1$. But we don't know that for sure. I don't trust stablecoins

[zendicator]

For me, we dont need stable coin because stable coins hinders the growth of bitcoin. Imagine without stable coin, whales cannot manipulate the price of bitcoin but stable coin is needed if you are a trader and that is very important. Further, If mass adoption comes, countries will stick to stable coins in order to avoid the volatile prices of cryptos.

[Zack777]

Interesting !
I find stablecoins very useful and important for usage of crypto.
Shops will more ease accept dollarcoin that some coin that's price jumps everywhere.
Better use DAI for stablecoin.

[tonymillions84]

i think we do need stable coins because they can be used to tag fiat currencies to cryptocurrencies. this will help to maintain equal value between crypto and fiat. also people can convert their crypto from fiat to fiat money and vise visa. it is necesssary and we can't do without such. stablecoins are a perfect way to pair the fiat currency to crypto.

[Seerge]

Actually Cryptocurrency does not need a stable coin, because cryptocurrency is volatile. But because of this fluctuating value, it is difficult for Cryptocurrency to be accepted by some people. And the presence of stable coins aims to provide the benefits of cryptocurrency with volatility stability equivalent to the US dollar, so that cryptocurrency can be easily accepted by the public in general.

[Peter90]

Gold is not a currency for calculation

@contangem,
Gold can be a currency for calculation as much as any other currency: How much costs this car? 3 ounces.
Gold has been a currency for calculation in the past, for centuries.
Silver too

...moreover, it is not suitable for payment on the Internet

Yes it is, as gold-backed cryptocurrency.
Gold-backed cryptocurrency is nothing but gold, whose ownership title get tokenised, runs and gets exchanged on the blockchain.

Through blockchain you can sell, send, spend your gold very easily.
Through blockchain you can use your gold as a means of payment.
Through blockchain gold becomes currency again.

Thank you blockchain! 

[Nestle]

I think stablecoin is only for alternatives if the market is down. So i use Stablecoin when I don't have the option to buy coins and worry about seeing crypto prices when bad market. During this time Stablecoin really helped me to avoid losses.

[Peter90]

Reasons People Use Stablecoins

1. Exchanges: Cryptocurrency traders can reduce their exposure to Bitcoin by selling their Bitcoin for stablecoins. This allows traders to keep their wealth on an exchange without converting back into fiat. This is useful for two reasons.
First, many exchanges take days to convert fiat into crypto, which means investors must wait to trade.
Second, converting back into fiat means a tax bill is coming soon, since most exchange on- and off-ramps now require KYC-AML.

2. Inflation hedge: People in countries with high inflation and hyperinflation can hold on to stablecoins in order to preserve their savings. Bitcoin is too volatile for most people in Venezuela. Instead, they would prefer to hold onto cryptocurrencies backed by gold or Swiss francs.

3. Interbank settlement: Interbank settlement is a trillion-US dollar industry, as discussed in the chapter on Ripple in the June 2019 edition of the Crypto Research Report published by Incrementum. Instead of giving away billions in revenue to Ripple, companies such as J.P. Morgan are releasing their own centralized stablecoins backed by fiat in order to settle transactions globally on a permissioned blockchain instead of legacy banking software.

https://ingoldwetrust.report/wp-content/uploads/2019/05/In-Gold-We-Trust-2019-Extended-Version-english.pdf
p247

So i use Stablecoin when I don't have the option to buy coins and worry about seeing crypto prices when bad market. During this time Stablecoin really helped me to avoid losses.

Right. See 1.

I think stablecoin is only for alternatives if the market is down.

Wrong. See 2 and 3

[Senin]

In any case, we need stable coins. They greatly facilitate the work with cryptocurrency. However, national stable coins of various states will soon appear in large numbers and they will make some adjustments to the cryptocurrency market. On the one hand, people will be more interested in a decentralized cryptocurrency, however, it is likely to be less used as a means of payment. Stable coins of states in this regard will be more attractive to many, in any case, at first.

[damsix]

We need it to anticipate the price of all altcoins becoming dumps.
The reason is to stabilize our funds for trading, if in an Exchange account we often see "balance".

This balance is usually seen with the state of our money, if the coin is stable then our "balance" will be stable.

[Ezzi]

Stable coins are needed in the field of information technology and data security, in finance. Many countries create their own cryptocurrencies, there are already more than 10 of them, and this trend will continue to develop

[DogeTalk]

Only certain people who like and need a stable coin. I rarely use stable coins because I often trade using coins that have the potential to increase. Stable coins are only a counterweight to the market when the market down.

[Ezzi]

Stable coins are still not widely used, but most often these are national cryptocurrencies of different states such as England, China, Singapore. I think the future of decentralized cryptocurrencies

[Ezzi]

It is unfortunate that I do not have interlocutors on the issue of stable coins. Yesterday I wrote my opinion, I am waiting for an answer. It seems to me the future for steib coins. They will be recognized in every country.

[Amir77]

I think stable coins are important especially when the prices of some cryptos drop. Then, you can use stable coins to buy. Thus, you’ll be needing them as good investors.