Stablecoin Has the Chance to Become the Main Stream of World Finance

[hmind 0]

Stablecoin is said to have the opportunity to become the main stream of world finance, thanks to the excellence of blockchain technology which was pioneered by Bitcoin in 2008. The new realm of fiat money with high inflation?
Bitcoin as a new form of electronic money is not intended to be "stable" like the US dollar or rupiah and other money issued by the state (fiat).
This is where the concept of stablecoin was born, such as the United States Dollar Tether (USDT), which is worth one unit as the value of one unit of real US dollars: one to one. This is made by a private company.
So, the presence of Stablecoin is able to eliminate the inconvenience of conventional cash payments. Now with Stablecoin, users no longer need to visit automated teller machines.

[tienda 8776]

Thank you for sharing this information, I hope get more information and details about the stablecoin, because I know that there are many members here who can introduce their knowledge.

[Uttom Deb 333]

One of his work on the World Currency of Stable Coin is going through them, they say that with this currency they are trying to loan the currency of different countries.

[Rahul21 626]

Yes, this is certainly a very important coin for our cryptocurrency.  And I think that many people are making a lot of money with stable coins, and it is very easy to make transactions.  Because blockchain methods of stabilized coins are moving forward and improved.

[talo122 735]

Indeed stable coins have a better chance to replace the exist financial system, as it compounds the stabelity of the normal currenceies wich is many of crypto currenceies dont have, and the blockchain technology. 

[Jeet Narayan 1940]

I think stable coins is very important in market. If you see the market then after Bitcoin peoples using usdt. In Crypto market stable coins is the main finance and I want see stable coins become world main finance.

[gigabyteRTX 1583]

Well anyway, I'm not surprised I'm aware that when this year started many good things have happened in the market and many coins show significant growth and increase in price which makes the cryptocurrency market more livelier.

[Lubruselu 2803]

Sure that's true the stable coins might be used mostly with the financial institutions, because the stable coins they have low chance to bring the loss

[Rickso 768]

On 2/13/2020 at 11:17 PM, hmind said:

Stablecoin is said to have the opportunity to become the main stream of world finance, thanks to the excellence of blockchain technology which was pioneered by Bitcoin in 2008. The new realm of fiat money with high inflation?
Bitcoin as a new form of electronic money is not intended to be "stable" like the US dollar or rupiah and other money issued by the state (fiat).
This is where the concept of stablecoin was born, such as the United States Dollar Tether (USDT), which is worth one unit as the value of one unit of real US dollars: one to one. This is made by a private company.
So, the presence of Stablecoin is able to eliminate the inconvenience of conventional cash payments. Now with Stablecoin, users no longer need to visit automated teller machines.

i don't think this for a reason, now all stable coins are pegged with the dollar or pegged to commodities that are also pegged with dollar. to be a stable coin he need to be pegged to something stable otherwise those will not work

[Afrizal rahman 2636]

Stablecoin does provide comfort for its users, now they don't need to worry anymore with conventional payments because now Stablecoin has overcome all of that. Since this was created I think people have begun to like it.

[Cryptominded 704]

On 2/14/2020 at 11:26 AM, talo122 said:

Indeed stable coins have a better chance to replace the exist financial system, as it compounds the stabelity of the normal currenceies wich is many of crypto currenceies dont have, and the blockchain technology. 

Stablecoins are now bigger conern to the governments than the threat possessed by Bitcoin, because they're simulations of fiat currencies in crypto form and people are very much interested in them. The fear that the dollar would be eclipsed by Libra coin is a major reason for the U.S. government and I don't see them supporting it to survive.

[BTC Future 3946]

Actually the only usecase for existing stablecoins is for trading purposes in exchanges. Also Tether is not exactly to be trusted having their bank accounts all over the world in shady banks in the Bahamas and other islands known for their loose requirements. I don't think that we should be trusting USDT at all as it has a valid risk of failing.

[ArsalMajeed 178]

Yes ofcource they have eliminated all the elegations made by regulization authorities to words the decentralized currencies vitality. They are a perfect solution to be adopted.

[Raouf99 73]

On 2/14/2020 at 3:17 AM, hmind said:

Stablecoin is said to have the opportunity to become the main stream of world finance, thanks to the excellence of blockchain technology which was pioneered by Bitcoin in 2008. The new realm of fiat money with high inflation?
Bitcoin as a new form of electronic money is not intended to be "stable" like the US dollar or rupiah and other money issued by the state (fiat).
This is where the concept of stablecoin was born, such as the United States Dollar Tether (USDT), which is worth one unit as the value of one unit of real US dollars: one to one. This is made by a private company.
So, the presence of Stablecoin is able to eliminate the inconvenience of conventional cash payments. Now with Stablecoin, users no longer need to visit automated teller machines.

Stable coins will boom sonn enough.

  Currently USDT Holds 53 Billion Dollars more thsn the 28 billion Dollars of Bitcoin assets.

[Dimi_00 133]

USDT has high transfer fees — $30 — in some exchanges. This means it will not readily overtake USD.

 

Although it is good for preventing depreciation of coins anytime bitcoin falls.

[fuer44 1083]

I agree with you. although in the same context between the value of stable coins and fiat, stable coins as crypto have advantages in terms of technological sophistication and transaction speed. so Stablecoin can actually be a world power in financial terms.

[babaji 1228]

As much as I would like to believe this, I dont think it is going to happen anytime soon, Plus many of those stablecoins are centralised, meaning they are not free or autonomous and under control of someone, for eg libra will always be under facebook, gram token under telegram, so why will governments allow that. 

[bentayebsalah 2280]

Yes, your words are true. Stable currencies like USDT can be the main flow of global finance because they are very popular and have huge financial value.

[Sohail802 2]

I think this is another good news in support of blockchain Technology and cryptocurrencies. Stable coin is going to be an other great leader in cryptocurrency market if this is a legit news then and this news will help people to better understand the financial situation of this market keep it up stable coin

[rekter 8129]

On 2/14/2020 at 12:17 AM, hmind said:

Stablecoin is said to have the opportunity to become the main stream of world finance, thanks to the excellence of blockchain technology which was pioneered by Bitcoin in 2008. The new realm of fiat money with high inflation?
Bitcoin as a new form of electronic money is not intended to be "stable" like the US dollar or rupiah and other money issued by the state (fiat).
This is where the concept of stablecoin was born, such as the United States Dollar Tether (USDT), which is worth one unit as the value of one unit of real US dollars: one to one. This is made by a private company.
So, the presence of Stablecoin is able to eliminate the inconvenience of conventional cash payments. Now with Stablecoin, users no longer need to visit automated teller machines.

I still find them unreliable because of their centralized nature. Governments shutting them down is a real concern for me, and i think that if and when Libra gets blocked, usdt might be next, it has just been under the radar.

[Ali_hmwi 966]

Thanks for sharing, Yes the stable coins is the way to be all in good position all the time without stable coins is ganna make it hard on traders or other crypto users around the world...

[Benjamin 84]

Well for me, altcoins is better than stable coins because this gives some extra income by investing it and hold it until the good value comes, while in the stablecoin, this is just stable its price and this will be not pumped or dumped.

[Nab 263]

the theter is a stablecoin that is of great support for the finances since it maintains its price before some economic variations, some exchanges use stablecoins to maintain the levels of profitability and mainly to be able to offer profits to the investors.

[Post Malone's 33]

Yes because we can easily convert our aseets to stable coins so that we don't need to worry about volitale price of bitcoin and other crypto currency. And many people will use stable coins also to pay products that don't need 3rd party platforms 

[Ssking93 51]

If you are a first time blog BitButNews24.Com's blog, but we congratulate you, because you have found exactly one source where you can find all the information you need. The information in their head is structured, we have prepared an article so that we have themI will try to explain all the key aspects, terms and concepts of the cryptocurrency sphere