Why did crypto creators establish stable coins??

[Nomad]

I am not certain but I believe stable coins were established in order to minimize the risk associated with the high volatility surrounding the crypto currencies. stable coins are less voliatile.

 

[Chibson]

Of course stablecoins are very important for crypto traders. This is because when you feel your money is not safe on a particular coin you can definitely convert it to a stable coin.

 

[Damscooguns73]

Concerning why did crypto currency creator establish stable coin. Well, to my little understanding, stable coin stands like a fist currency representation of that particular country. It also helps trader also to keep their money or save their money from losses due to the rate of volatility among the altcoins

 

[Senator]

Since cryptocurrency is not a fiat currency that people have and stores their money in banks.like, they needed something that can keep their monies stable without the effect of the fluctuations in other cryptocurrency

 

[Kunkun]

Well I think one of the advantages of stable coins I also due to the fact that they aren't volatile and thus can be used for transactional payments unlike the unstable ones which could depreciate in value with time and inturn turns to loss on the part of business owners

 

[Kingsley]

To me i believe that did that to establish a unit of measurements for all other coin to ascertain their real live value and again it enables traders to live the market whenever they feel the market is not in their favour. So the stable coin plays alot of roles in the crypto market sphere.

 

[tyrim88]

I think you are talking about the fact that cryptocurrency is used as money Each country has its own calculation I mean if i am from pakistan its currency is one bitcoin it is about 30 thousand rupees And that's about a hundred dollars We can use this currency in any country G is used as money, meaning we can change it and buy anything

I think the reason why they would introduce a cryptocurency that is stable, is for it to be used the same way a fiat currency can be used as you explained.And this can be used on a daily basis for commercial purpose,and most busineses would be comfortable with it.

 

[Dowenship]

I believe stability of coin was made for some reason not just because they make the value of cryptocurrency more attractive to those that would invest but also to make it stand the test of time either when it is hit by various financial events

Actually the excess of stable coin Is to peg the price of every asset, and also its been used to compare with other country currency to enable fluidity.

 

[Hena101]

The reason why some coins are call stable coins is something i don't really know about but it may because every country has it's currency that's why.

 

[Nurudeen]

I think the establish the stable coin like a means of exchange for another coin. You Know you really can't buy another coin without the stable coin. And again it also helps the Investors to hold their money whenever the market is dipping they just convert their coin to stable coin

 

[Grandeur]

I think that the current bearish run that has lasted for months should give us a good Intel as to why stable coins were established as the market has been downward trending for months but stable coins are still the same

 

[Sincerem]

I think the establish the stable coin like a means of exchange for another coin. You Know you really can't buy another coin without the stable coin. And again it also helps the Investors to hold their money whenever the market is dipping they just convert their coin to stable coin

Yes, it is established to enable crypto lovers to exchange their volatile coin to avoid unnecessary price fluctuations. With the help of the stable coin.

 

[Aaron625]

It's simple , stablecoins are used by crypto investors when they buy or sell other coins like bitcoin and ethereum for the purpose of making profit by crypto trading. There sis also no risk of holding stablecoins because there are no price fluctuations.

 

[tyrim88]

From my observation so far about the cryptocurency market on stable coin,the introduction of stable coin is like a save heaven for those who don't want to see all there investment doing the fluctation thing.They just peg it to a fiat currency and allow it to be stable.

 

[jeff87]

Everyday I ask myself , what is the reason behind the creation of all this stable coin in the crypto market. When I know they aren't volatile in nature, and can't even appreciate nor depreciate. Their current state isn't a profitable one for investors, i don't see stable coins going higher either. Cos they work hand in hand with country's fiat currency, they increase only when the country they represent in the digital currency increases. That kind of increment can't bring profit to investors cos fiat currencies don't explode over night like the way volatile digital coins do.

What is the reason behind the establishment of stable coins?? when the coins won't be a profitable one for investors.

I am thankful for creators of stable coins like USDT. It's because if there is no stable coin to run to when every coin is volatile then there is no very good pair for trading cryptocurrency. I always use the USDT stable coin and pair it for example to Bitcoin, etherium, dogecoin, etc. It's like a shelter in the time of storm.

 

[mcjerry]

With my own knowledge. The reason behind this is simply because most coin do fluntate as some do leads to lost it gain got the holder. And there are people like me that trust crypto currency as a bank to save there funds but what to spend the fund with the same price they have it when the saved it, not decreasing in price. So the creation of stable coin will make them not to worry about the depreciation of the coin

 

[Sincerem]

I am thankful for creators of stable coins like USDT. It's because if there is no stable coin to run to when every coin is volatile then there is no very good pair for trading cryptocurrency. I always use the USDT stable coin and pair it for example to Bitcoin, etherium, dogecoin, etc. It's like a shelter in the time of storm.

Yes, you should be thankful dear cos those coins made it possible for us to avoid unnecessary Cryptocurrency fluctuations that is driving down.

 

[Jsoliu004]

Stablecoins were created to be used the way cryptocurrencies intended as a simplistic, stabilized, scalable, and secure means for transactions. After all, most businesses aren't interested in accepting a currency like bitcoin that might tank in value the very next day

 

[Josemendez]

The answers is because they want to reduce the Volatility with cryptocurrency. Cryptocurrency is volatile and as thus there is need to have a way to avoid losing much due to the Volatility.
Secondly , it offers the opportunity to be used as trading pair .

 

[Heatman]

Everyday I ask myself , what is the reason behind the creation of all this stable coin in the crypto market. When I know they aren't volatile in nature, and can't even appreciate nor depreciate. Their current state isn't a profitable one for investors, i don't see stable coins going higher either. Cos they work hand in hand with country's fiat currency, they increase only when the country they represent in the digital currency increases. That kind of increment can't bring profit to investors cos fiat currencies don't explode over night like the way volatile digital coins do.

What is the reason behind the establishment of stable coins?? when the coins won't be a profitable one for investors.

Seriously, I believe it's okay there is very necessary for you to have a stable coin cryptocurrency because it is very good for the trading of cryptocurrency to other coins.