Stable coin: new crypto trend?

[Pheonyx]

I agree.  since the value of usdt isn't like the others which are volatile showing great risk people would love to find out what makes them safer most specially during time of pandemic.

[masterrex]

I think in the last quarter of 2019 the Stablecoins are already showing some impressive performance. The Goldbacked Stablecoins and Fiat backed Stablecoins are dominant in the race. But in terms on legality I think Tether's USDT has a serious problem to tackle, IMO, Tether needs to clarify it because even me I'm also doubting If it was really backed by Fiat or dollar with a 1-1 ratio, Imagine it has billions of USDT  in circulation thats why Tether should clear and clarify this first so that users won't doubting it anymore.

[highnayem34]

The requirement for stablecoins is to some associated to the DeFi buildup. Coins have appeared so much instability and whereas the potential for development could be a great thing, on the other side there's too potential for extraordinary downtrends.

[tonymillions84]

THE new trend looks like a struggle between Bitcoin  and Usdt. Usdt and usdc remains the steady and most supportive stablecoin. apart from them. the rest have little or No volume and value to the market. Market dominance remains in the hands of BTC and i don't see Usdt challenging it. it might take a long time.

[Joyjoyce0]

What do people gain by holding stable coins? Stable coins, as I know, have fixed value. So how do people benefit by holding stable coins? This is something I wish to know.

[Noverteno]

What do people gain by holding stable coins? Stable coins, as I know, have fixed value. So how do people benefit by holding stable coins? This is something I wish to know.

Of course, stablecoins only reflect the price of the common currencies they are backed by and cannot bring profit to their owners. Stable coins are used as a buffer between regular currency and cryptocurrency. This makes it very easy to use cryptocurrency. Stable coins are also convenient to use as a means of payment.
Recently stablecoins have played a very large role both in cryptocurrency and in the global financial system in general, since they combine the advantages of conventional currencies and cryptocurrencies.

[LaZim]

Stablecoin is only needed in order to quickly buy a volatile cryptocurrency. Keeping your money in USDT seems silly to me. You can also store them in a regular paper dollar. If I buy USDT, it is only for the subsequent purchase of cryptocurrency.(BTC, ETH)

[tinakoya]

USDT is leading the stablecoin race and have been doing really well. This will minimize the loss which could be incurred due to volitality of cryptocurrency.

[bigcash2011]

For me stablecoins are only good for payments and transfers. As an investor they can be useful when you think that your coin has reached its peak price and it will reverse, jumping in stablecoin around peak can be really profitable.

[Black ID]

With this stable coin, indeed the government is glancing a little and showing attention to crypto. Because after all the existence of this stable coin, it is able to make many people believe in investing in crypto. So that many people end up investing. Of course this is a very good progress.

[Thymoty]

I allocate approximately a quarter of my crypto assets to stable coins, more precisely USDT, because I know that I also need an asset that does not fluctuate in price.

[Mexite]

The rise in stablecoins can be partly attributed to the DeFi boom, especially those that are lending/borrowing DApps. People borrow stablecoin using their other digital assets as collateral in order to unlock some opportunities without losing their crypto portfolio.

However, some projects issuing their own stablecoin need not issue new stablecoins because there are established ones on the same blockchain that they are leveraging. It's just a case of duplication imo.

[Cryptoz]

Well, many projects launched stable coins currently. I think it is not a new trend, there were many stable coins already. It may follow USDT to have other stable coins. SO, people have some options once they want stable coins.

[Dora Walletinvestor]

I think in the last quarter of 2019 the Stablecoins are already showing some impressive performance. The Goldbacked Stablecoins and Fiat backed Stablecoins are dominant in the race. But in terms on legality I think Tether's USDT has a serious problem to tackle, IMO, Tether needs to clarify it because even me I'm also doubting If it was really backed by Fiat or dollar with a 1-1 ratio, Imagine it has billions of USDT  in circulation thats why Tether should clear and clarify this first so that users won't doubting it anymore.

I also think Tether and its users would benefit from some more clarity and transparency, I have my doubts about it as it is right now, too.

[@chison]

It think this has brought some form of stability on crypto. Early, people have lost monies because of the volatility of cryptocurrency. Now they have quick suitor that can help to balance price.