How many stable coins do we have??

[Sincerem]

Their are coins i see in the coinmarketcap list of digital currency features, looking like stable coins. I only know of two stable coins, usdc, and usdt. I don't know if their is any again. But my instinct is telling me that, their are still other stable coins not yet discovered by me. Cos their are more than 4k plus coins in the coinmarketcap crypto list. When you check them via their ranks, you gonna see plenty of unknown coins, both the ones looking like stable coins and the ones without recognition and value. I still don't know if their are other stable coins, but I guess so, their is.

Can any one help me, if their is other stable Cryptocurrency that works hand in hand with fiat currency like the U.S dollar??

 

[Sake]

I only know a few USDT, USDC which have trc20 and erc20 versions. Then TUSD which stands for true usd. I honestly doesn't see any reason for more stable coins to be created because they're all just at $1 each and not really different from USD fiat we all know.

 

[Herzhan]

Their are coins i see in the coinmarketcap list of digital currency features, looking like stable coins. I only know of two stable coins, usdc, and usdt. I don't know if their is any again. But my instinct is telling me that, their are still other stable coins not yet discovered by me. Cos their are more than 4k plus coins in the coinmarketcap crypto list. When you check them via their ranks, you gonna see plenty of unknown coins, both the ones looking like stable coins and the ones without recognition and value. I still don't know if their are other stable coins, but I guess so, their is.

Can any one help me, if their is other stable Cryptocurrency that works hand in hand with fiat currency like the U.S dollar??

My brother, there is no stable coin. Crypto currency is a digital currency which rise and fall. If he remain stagnant traders won't make profit or loss. So there is no stable coin. All coin moves. They rise and falls.

 

[Sincerem]

I only know a few USDT, USDC which have trc20 and erc20 versions. Then TUSD which stands for true usd. I honestly doesn't see any reason for more stable coins to be created because they're all just at $1 each and not really different from USD fiat we all know.

Thanks a lot for the update you made me to know more about all this stable coins. I knew that their are other stable coins around apart from the household ones in USDT and the sister coin USDC. Sometimes I use to see one of them drop down to $0.9999 and their about when I check coinmarketcap.

 

[Modupe]

Their are coins i see in the coinmarketcap list of digital currency features, looking like stable coins. I only know of two stable coins, usdc, and usdt. I don't know if their is any again. But my instinct is telling me that, their are still other stable coins not yet discovered by me. Cos their are more than 4k plus coins in the coinmarketcap crypto list. When you check them via their ranks, you gonna see plenty of unknown coins, both the ones looking like stable coins and the ones without recognition and value. I still don't know if their are other stable coins, but I guess so, their is.

Can any one help me, if their is other stable Cryptocurrency that works hand in hand with fiat currency like the U.S dollar??

This your question is not understood, but I will answer it with my level of understanding. I have about 6 coins all together. The most expensive among them is bitcoin and Etherium. I also have Trons, Pi coins, Bee coins, Ripple and Stellar Lumens.

 

[Sincerem]

This your question is not understood, but I will answer it with my level of understanding. I have about 6 coins all together. The most expensive among them is bitcoin and Etherium. I also have Trons, Pi coins, Bee coins, Ripple and Stellar Lumens.

I'm talking about stable coins, not the coins you transact nor trade constantly with. When we talk about stable coins we mean, those coins that doesn't increase nor decrease. They remain stagnant and work hand in hand with country's fiat currency, either in USD or GPB.

 

[Abbas ali]

With over 200 privately-developed stablecoins, such as Tether and Gemini coin, there is a case for every fiat currency to have a digital equivalent, not to mention individual institutions developing their own as a cheap and fast means of settlement, JPMorgan's JPM Coin, announced last year, being the obvious example.

 

[Heatman]

The question is whether cryptocurrencies are truly stable? From my perspective, I would say that there are not really stable because all of them starting from bitcoin to the last one are all influenced by a lot of things which makes them volatile.

 

[Suba]

Stablecoin is a cryptocurrency that is pegged to gold, fiat money (1: 1) be it USD, EURO, Yen, and other local fiat money. The stablecoin deposit (stake) is deposited in a bank account. which is often confusing is Tether (USDT) because there are versions of ERC20 (ETH) and TRC20 (Tron) so we have to be very careful when giving the Tether address. Other stablecoins are: Binance USD (BUSD), Paxos Standard (PAX), USD Coin (USDC) and True USD (TUSD), and the weakness of the stablecoin is that it cannot be used as an investment but only as a hedge.

 

[Heatman]

I'm talking about stable coins, not the coins you transact nor trade constantly with. When we talk about stable coins we mean, those coins that doesn't increase nor decrease. They remain stagnant and work hand in hand with country's fiat currency, either in USD or GPB.

Let me just run like a spin off, what do you think would happen should all Cryptocurrencies like bitcoin begin to take the shape of such stable coins? Do you think it would make it would make the end of dominance of bitcoin as the most valuable cryptocurrency?

 

[Sincerem]

Let me just run like a spin off, what do you think would happen should all Cryptocurrencies like bitcoin begin to take the shape of such stable coins? Do you think it would make it would make the end of dominance of bitcoin as the most valuable cryptocurrency?

I don't think it will be nice all Cryptocurrency becomes stable coin. Stable coins should be, while volatile nature coins should be. Both are serving important role, if Bitcoin is to become a stable coin. I don't think they're will be any tradingbehind it by now.

 

[Heatman]

I don't think it will be nice all Cryptocurrency becomes stable coin. Stable coins should be, while volatile nature coins should be. Both are serving important role, if Bitcoin is to become a stable coin. I don't think they're will be any tradingbehind it by now.

Exactly it would surely make the end of trading on all kinds of cryptocurrencies trading. If such should happen, I'm sure that people would most likely jump into stock and bond market. I have never traded in stock market but I would love to in the future.

 

[Sincerem]

Exactly it would surely make the end of trading on all kinds of cryptocurrencies trading. If such should happen, I'm sure that people would most likely jump into stock and bond market. I have never traded in stock market but I would love to in the future.

That's true, it will cause indifferent attitude among its investors. It will cause panic that might leave Bitcoin grumbling without investors. I use to hear about stock & shares market, but I never know how tow make profit through it. But i have little clue about it. You can venture in, their is no harm in trials, I wish you success in your quest to try it out.

 

[LaylaG]

I don't have a good understanding about cryptocurrency and i don't even know the difference between unstable cryptocurrency and stable cryptocurrency , I'll be very much interested for anyone here to just to spare me some time and explain the difference between the both of them to my understanding.

 

[Iamsodex]

To my understanding I don't think any coin is stable in the crypto market, the busd and usdt are mostly the dollar equivalent of Bitcoin and are mostly used for deposits. I stand to be corrected though because I look forward to learn from this thread as no knowledge is a waste
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To my understanding I don't think any coin is stable in the crypto market, the busd and usdt are mostly the dollar equivalent of Bitcoin and are mostly used for deposits. I stand to be corrected though because I look forward to learn from this thread as no knowledge is a waste

 

[Hasan Raza]

There is a great volatility in Cryptocurrency dear. In this situation how a coin can be stable. I check the cryptocurency coins on daily basis to see their stability but I always saw a great ups and downs on daily basis in evrry coin. So i think there is no stability in any coin.

 

[joy101]

I don't think there are is stable coin in cryptocurrency,i don't even know different between stable and unable now, because I don't think it will be nice all cryptocurrency coin to stable, so I don't there is stable coin because cryptocurrency rise and fall.

 

[BrolySSJ]

Their are coins i see in the coinmarketcap list of digital currency features, looking like stable coins. I only know of two stable coins, usdc, and usdt. I don't know if their is any again. But my instinct is telling me that, their are still other stable coins not yet discovered by me. Cos their are more than 4k plus coins in the coinmarketcap crypto list. When you check them via their ranks, you gonna see plenty of unknown coins, both the ones looking like stable coins and the ones without recognition and value. I still don't know if their are other stable coins, but I guess so, their is.

Can any one help me, if their is other stable Cryptocurrency that works hand in hand with fiat currency like the U.S dollar??

Amazingly enough there are over 200 stable coins that have been developed in the cryptocurrency world and most of them are privately owned. I think that if you are looking for a cryptocurrency that is stable and that works hand in hand with the US dollar then the best one that I can suggest to you is the USDT coin or perhaps USDC. These two generally have very similar values to the US dollar and there are slight fluctuations here and there. But overall it is quite stable.

 

[Damscooguns73]

Concerning how many stable cryptocurrency coin that we have. Well, I believe the volatility in the cryptocurrency market is what makes people invest and trade on it. Some coin ceased to rise or fall for a very long time mayb that is why is called stable coin. I know USDT to be very stable

 

[ahmedo24]

The number of stable coins might be much but honestly the ones I am more confident on are USDC , USDT and USD Dollar these stable coins are supported by Binance, coinbase, blockchain wallets and other reputable wallets arround.