What is the purpose of stable coins ?

[Alt20]

Stable coin is one of the important part of crypto currency. With out stable coin crypto market won't be stable. Our assets will not be perfect. We can not withdraw any fixed amount from any exchange.

[Condorlaib]

If a cryptocurrency user has a desire to invest their Fiat funds in cryptocurrency, then How stablecoins such as USDT have evolved are the real intermediary that connects the user with the cryptocurrency market.

[CryptoCorner]

Mostly Investors use stable coins in staking to earn profit In arrange to supply a secure price for our resources within the advanced world, this can be a major calculate for Tie and why we must purchase  USDT. With steady resources, it permits us to purchase unstable cryptocurrencies and search for profits.

[Lutera94]

Yes, recently many stable coin are comes to the market but maximum are not use to by peoples. Personally i feel happy with USDT & BUSD. Both are more popular stable coin than others.

[Malam90]

Stable coin is one of the important part of crypto currency. With out stable coin crypto market won't be stable. Our assets will not be perfect. We can not withdraw any fixed amount from any exchange.

Perfect. Without stablecoins we won't be able to keep our balance stable in times of volatility. We can't withdraw fixed amount of balance if market falls. So Stablecoins are vital part of crypto markets. That's why marketcap of stable coins are increasing with the gradual increase of market demand.

[damsix]

I tried to analyze it with my own thoughts on the creation of a stable coin :

-This stable coin is a gateway to Fiat to be able to back and forth between trades or transactions with the Bank.
-This stable coin supports the price of cryptocurrency which changes every day and is difficult to control, so stable coins are needed to be the benchmark price of all cryptocurrencies.
-Stable coin is a stable asset and it has a stable price level of security, does not go down and does not go up.

[kent47400]

The creation of this stable coin will make a huge difference in the cryptocurrency market.
As in the past, when in 2016 there were many pairs trading altcoins with Bitcoin.
But now a lot of cryptocurrency trading is paired with stable coins and this will certainly provide useful things in the future.

[0t3p0t]

We know that Stablecoins are designed to minimise price volatility. But now a days there are so many stablecoins in this industry. There are approx. 200 stablecoins till now. What is the main purpose of so many stablecoins ? Frankly speaking I have never used any stablecoins except USDT. What is your opinion about it ?

Same here I never used any stable coins but only USDT ever since I got here on crypto. Stable coins are actually good as trading pairs for me as a beginner because it minimizes the risks of the volatility.

[kulkhan]

Stable Coin is more important for Crypto related People. Stabke coin's Are Needed For Stability of Cryptocurrency. I always use stable coin for trading. Usdt is my popular stablecoin. I always use usdt.