What is the purpose of stable coins ?

[The Legend]

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 ?

[Psycho]

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 ?

I also did not use any coins except usdt coins.  I have no opinion on this matter, I have no knowledge.  If any senior brother has any knowledge about this subject, please let me know.  This is a very important topic for us.

[Malam90]

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 ?

Stable coins are needed to remain stability in price and to park my balance in portfolio in times of volatility. To development of cryptocurrency, stable coins are very much needed. With the increase demand of cryptocurrency, stable coins here will play a vital factor in trade. USDT is the most popular and top stablecoin in crypto world. I have used USDT in many times but i haven't used other stablecoins yet.

[Rafiq]

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 ?

Although there are many stable currencies in the crypto market, I have never used any fixed currency other than USDT like you. I think stablecoins play an important role in improving and stabilizing the cryptocurrency market. The USDT is the most popular and best stable currency among the stablecoins available in the crypto market.

[ttcsalam]

I myself have never used any coin other than USDT. But it seems to be doing well. People are becoming more and more interested in investing in the currency.

[Malam90]

I myself have never used any coin other than USDT. But it seems to be doing well. People are becoming more and more interested in investing in the currency.

As USDT is the most popular stable coin, you can only use USDT and it is fine as USDT is now free of cost in transaction if you use TRC20 wallet. USDT trading volume is remarkable in Binance and other exchanges. BUSD can be a good choice if you are a binance trader.

[MOProgress]

I use USDT, Dai, I think there is utility from stablecoins,many offer their own guarantees of their coin, while a lot of bad things are said about USDT!Competition is always good and in some cases stablecoins other than USDT are needed!

[Cristiano]

I don't know anything about this.  Because I have not used any coin other than USD like you.  If any of the senior brothers know about the subject let me know a little.  A little idea about this is very necessary.

[Malam90]

I don't know anything about this.  Because I have not used any coin other than USD like you.  If any of the senior brothers know about the subject let me know a little.  A little idea about this is very necessary.

Probably you are talking about USDT. Only USDT is dominant place still now and it is top favorite stablecoins to most of the investors, traders and stable coin re sellers. Now for its zero fees using TRC20 wallet, its demand also increasing side by side demand in exchange demand while trade.

[The Legend]

As USDT is the most popular stable coin, you can only use USDT and it is fine as USDT is now free of cost in transaction if you use TRC20 wallet. USDT trading volume is remarkable in Binance and other exchanges. BUSD can be a good choice if you are a binance trader.

Don't forget about USDC and DAI. Both of them have same potential, but because we normally use USDT (TRC20) to save some extra money, we did not give any priority to USDC and DAI. I am a regular user of binance but never use BUSD till now

[Malam90]

As USDT is the most popular stable coin, you can only use USDT and it is fine as USDT is now free of cost in transaction if you use TRC20 wallet. USDT trading volume is remarkable in Binance and other exchanges. BUSD can be a good choice if you are a binance trader.

Don't forget about USDC and DAI. Both of them have same potential, but because we normally use USDT (TRC20) to save some extra money, we did not give any priority to USDC and DAI. I am a regular user of binance but never use BUSD till now

I am also a regular trader in Binance and yet never used BUSD. I have been using only USDT so far in crypto life but i consider USDC and BUSD may be the tough competitor in the upcoming future for their strong base, acceptance and increasing popularity. But still now, USDT is very popular for many reasons including 0 fees for TRC20.

[tor]

Stable coins are the best way to sell your cryptocurrencies at the right price against the dollar, avoiding volatility, now I mainly use TUSD (on the Tron network) as fees are very cheap

[saprakib]

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 ?

Yes we have now many stable coins on crypto industry .I think the stable coin is used as fiat currency on crypto world .It is also as trading pair on the market .I use alaways use USDT like you and also use BUSD on binance .

[jonathancool220]

In order to provide a secure price for our assets in the digital world, this is a major factor for Tether and why we must buy Tether.
With stable assets, it allows us to buy volatile cryptocurrencies and look for profits.
After taking advantage of the volatile altcoins trading then stable coins such as USDT, USDC or BUSD are good choices for holding assets.

[masudginanjar]

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It could also be like, but everyone is different in seeking profit from stable coins.
For example, I am always looking for the best moment from Tether to arbitrate to other exchanges using the TRC20 blockchain network.
TRC20 provides a 0 transaction fee, aka free of charge if the transaction is above 50 USDT.