Cryptocurrency Stablecoin is helping to stabilized the Crypto Market!

[masterrex]

I don't know if its logical for others that the "cryptocurrency stablecoins is helping to stabilized/established the crypto market" Are you agree with this? For me i was agree 100% since most of the time, major crypto coins/tokens are often unstable in terms of market price and valuation,high volatility rate due to its weird fluctuation, while stablecoins that pegged to a stable assets like US$ dollars,gold etc. are not fluctuating much like Ethereum or BTC even if it was also called a cryptocurrency like USDT,USDC,PAX etc. that's why what will happen if those stablecoins will gone? drop your opinion below. 

[Istiak]

In some way, yes it is I think. A coin like BTC,eth,ltc is not very stable like usdt,dai,usdc etc. so if a coin like usdt,dai was not there then it could be very risky for us to keep a coin like btc,eth in hand when the market volatility is very high. And also a stable coin backed by some assets. Like USDT was backed by USD. That's why the price of USDT stays stable in any condition.

[Noverteno]

Stable coins are very difficult to attribute to cryptocurrency in general. They actually represent a completely different financial asset. States have finally realized the great advantages of stable coins and therefore they will not disappear anywhere. On the contrary, it seems that stable coins will develop rapidly and become serious competitors to a decentralized cryptocurrency. In my opinion, stable coins will not affect the price volatility of a decentralized cryptocurrency.

[vegasus]

-snip- In my opinion, stable coins will not affect the price volatility of a decentralized cryptocurrency.

Agree, stable coins cannot influence other coins. I think only Bitcoin that is able to influence other coins. Stable coins are the same as other altcoins, there is no way of them to give some impacts to others. Moreover, to stabilize crypto market is impossible to do.

[Fenix]

Stable coins cannot stabilize prices in the cryptocurrency market. Stable coins do their job, but this does not affect the volatility of a decentralized cryptocurrency. Stable coins are digitized ordinary currencies of various states, and the price of ordinary currencies in general does not affect the price of cryptocurrencies.

[freakslot11]

Сryptocurrency market, stable coins do not stabilize, at least for the moment. They allow directly to the market participant to some extent go into stabilization, but this is also so-so.

[aiviaa485]

Stable coins will not disappear because they are definitely needed and stable coins will also be very good for investment or holding prices when all cryptocurrency that is unstable goes down in price to be bought at low prices by stable coins.
If the stable coin is lost, it is certain that many people will re-create it and it has been proven from USDT that it is slowly moving its blockchain from OMNI to TRC20 and ERC20.

[alstevenson]

Yes it is but not much because people want volatility of cryptocurrency thats why they here in the first place. They knew they can make a lot of money on cryptocurrency. But its true that cryptocurrency stable coin is really big help in our industry since every cryptocurrency is volatile, it help stabilize the market.

[masterrex]

Сryptocurrency market, stable coins do not stabilize, at least for the moment. They allow directly to the market participant to some extent go into stabilization, but this is also so-so.

How would you say that when bitcoin price and other top altcoins was base on the US$ pegged stablecoin like USDT,USDC, PAX etc. majority of the cryptocurrency was traded directly with crypto stable coins, like USDT ,USDC etc. it means  if the market has no stablecoin/BTC trading pair. it has no source of any stable valuation of price base on the US$ dollar. if the trading pair was just ex. ETH/BTC it was very hard to set its price base the uS$ dollar. because its not a stablecoin pegged to the dollar.

[zilzylian]

I only use stable coins to reduce losses when BTC and other altcoins are really in a downtrend. This may be done by some traders to keep their crypto assets at a stable price from the profits they can from trading.Volatility Stable coins increase because there are good benefits to keeping crypto assets at the price we want, according to the price of each stable pair of coins

[tonymillions84]

Honestly, we will may regret to see more stabecoins been launch into the market. i think the usdt is enough and serve the purpose of it is meant for. it is of no use seeing more stablecoins flooding the market. i wonder what really are the use. maybe we might allow countries to invent their own stable currencies against the Usdt.

[Ta.Form]

In some way, yes it is I think. A coin like BTC,eth,ltc is not very stable like usdt,dai,usdc etc. so if a coin like usdt,dai was not there then it could be very risky for us to keep a coin like btc,eth in hand when the market volatility is very high. And also a stable coin backed by some assets. Like USDT was backed by USD. That's why the price of USDT stays stable in any condition.

If it is only for saving coins, you better keep it in local currency. Look for exchanges that support your country's local currency. Or suppose you invest your money in BTC or ETH. So you don't need to hesitate if there is no local currency in the exchange.

[zendicator]

Nope I dont agree with that statement. In my own view, stable coins are supressing the value of bitcoin. Imagine, there will be no stable coins, we will not see bitcoin at 8K levels, im pretty sure that bitcoin is very expensive.

[Cutter Cute]

What I know, stable coins will never disappear because of the high level of need for these coins, I see a new project that makes coins stable every year, this proves that there is a lot of interest from traders and investors to make it easier for them to send crypto assets to several platforms exchange.

[Luckyperson21]

Stablecoin is not to make crypto prices stable. Stablecoin was created to facilitate traders. Because crypto prices always change significantly, stablecoin is needed for transactions between altcoin. Altcoin exchanges it make to find cheap withdrawal fees.