How many stable coins do we have??

[Heatman]

Definitely so, the USDT has been really effective in it's usage for many investors and exchange and I don't see that changing any time soon unless it even gets better

exactly my dear you have a very good point because it's one of the coin that has been used to trade on so many other coin since it's one of the most stable coin that can be used for such purpose.

 

[Nomad]

I have never been a fan of stable coin, in fact I have never used any stable coins, therefore, I do not know how many stable coins are there, but I might try hands with facebook's diem.

 

[Sincerem]

I have never been a fan of stable coin, in fact I have never used any stable coins, therefore, I do not know how many stable coins are there, but I might try hands with facebook's diem.

Facebook Diem isn't on existence yet, still at the beta stage. If it comes Live in the crypto market, surely you'll lay your hands on it.

 

[Heatman]

I have never been a fan of stable coin, in fact I have never used any stable coins, therefore, I do not know how many stable coins are there, but I might try hands with facebook's diem.

exactly it's actually quite a lot of people and not investing their money stablecoin the course it's going to be like you just kept your money in the bank without it growing or like when you have your money invested in coins that are not stable that can actually grow.

 

[Tundeoguns1]

Well, pertaining to the question on how many stable coin I possess. I dont actuall have one for now and I mostly uses the USDT cryptocurrency coin because it tends to the stable, it rate of volatility is very low and minimal. It can be good for saving funds before purchasing an altcoin

 

[Heatman]

Well if there are no stablecoins it will be very difficult for a lot of people to trade in cryptocurrency because they will be in experiencing so many losses as a result of how volatile cryptocurrency are.

 

[Sincerem]

Yes, it could've been a devastating one had it been their is no stablecoin. Those who created volatile coins knew their is always purpose of creating stable coins to help save the treasury assets invested from dropping down due to fluctuations.

 

[Heatman]

Yes, it could've been a devastating one had it been their is no stablecoin. Those who created volatile coins knew their is always purpose of creating stable coins to help save the treasury assets invested from dropping down due to fluctuations.

Exactly, if there are no stable coins then there wouldn't be volatile cryptocurrency as well. They both work hand in hand to balance the equation in the cryptocurrency dealing.

 

[Eodine]

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.

The question actually relates with the coins that are not popular like the regular trading coins, the coins that do not rise and fall like the volatile nature of cryptos like bitcoin, ethereum etc.

 

[Ehizzy1]

I think as it stands there are stable coins like busd and its almost equal to a dollar ,you can trade with the stable coin and get some reduction on fee

 

[Sincerem]

Exactly, if there are no stable coins then there wouldn't be volatile cryptocurrency as well. They both work hand in hand to balance the equation in the cryptocurrency dealing.

Yes, stable coins have their own work they're simply doing in the crypto ecosystem. Without the stable coin, peoples invested treasury can just go liquidated due to fluctuations on the downtrend.

 

[Justin]

Once facebook diem will be available, I will make sure I will buy some diem provided facebook allows people form my home country to use diem. Diem is a stablecoin

 

[Eodine]

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?

That would not be funny though if crypto currencies decided to become stable coins as there would be no more profit to be made from volatile coins which would really be painful for investors especially those who make a living from it.

 

[Aaron625]

Other than USDT , USDC that you mentioned in your thread , other stablecoins include Dai , USDS , PAX , BUSD and many more. But these stablecoins are more popular and are valued at $0.99-$1.01. The less popular stablecoins can be valued at even $0.94 or less.

 

[Sincerem]

Once facebook diem will be available, I will make sure I will buy some diem provided facebook allows people form my home country to use diem. Diem is a stablecoin

Are you sure this project won't take a lifetime for facebook to bring it on?? It has taken too long, its just like PI node which has over stayed without coming live.

 

[Richard92]

Are you sure this project won't take a lifetime for facebook to bring it on?? It has taken too long, its just like PI node which has over stayed without coming live.

we have lots of stablecoin in the crypto-currency market that you can be able to trade in because these days they are so many upcoming and growing corn in the market.

 

[Heatman]

That would not be funny though if crypto currencies decided to become stable coins as there would be no more profit to be made from volatile coins which would really be painful for investors especially those who make a living from it.

Well, if all the cryptocurrencies becomes a stable coin, then there is no need to keep investing in it since there is no possibility of making money or profits from it.

 

[Eodine]

Well, if all the cryptocurrencies becomes a stable coin, then there is no need to keep investing in it since there is no possibility of making money or profits from it.

And imagine the billions and high amount of money the crypto currency helps to generate periodically and all that just changing or not existing it would really b felt for the number of jobs and survivors it has produced.

 

[Heatman]

Well as far as I'm concerned I'm not actually interested in any stable coin because there is no need for me to actually be interested in them as there is no much profit of having stable coin I just only use them to do transaction.

 

[Shigobad2020]

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??

I heard from you sometimes ago that we have around five thousand crypto currency coin all over, but to get a stable crypto currency that works hand in hand with fiat currency, the only stable crypto currency I know is USDT.