Quote from: AlekSandRAx on April 21, 2018, 11:32:38 AM

Quote from: jack107 on March 17, 2018, 11:50:08 PM

Been seeing a lot of talk about stablecoins lately like this article: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#432e3ce84fc6

What do you guys think about them? My personal favorite would be Havven since they're not pegged to fiat or gold and is trustless.

They are necessary for crypto currencies mass adoption in economy and industries. Mass adoption needs stability, but current stablecoins have too many flaws.

ETH, BTC, LTC, etc are NOT stablecoins. Ethereum is developing it's own stablecoin - World Trade Francs (WTF)

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Unfortunately, weve found that the existing stablecoins all have various flaws; Tether is unauditable, Nubits has already once collapsed in price, Seignorage Shares is after three years still just a whitepaper and MakerDAO is an inadequate joke because. reasons.

This situation has prompted Ethereum ETH to develop and launch the World Trade Francs (WTF) which is a decentralized 4.0 stablecoin that is solely based on the next-generation blockchain technology. The stablecoin particularly is tailored to develop a free trade as well as an economic interaction system that will integrate the next-generation blockchain alongside the hypercube tangle technology.

https://blog.ethereum.org/2018/04/01/announcing-world-trade-francs-official-ethereum-stablecoin/

Ethereum is developing its own stable coin? Never knew about this. Thanks for the information. Coming to the question posted by op, I wouldn't rely on stable coins like USDT(Controversial) etc since unstability is an inherent property of cryptocurrencies which can be minimized, but cannot be eliminated completely. I feel like most stable coins could end up being scams since no coin or token is completely stable in this extremely volatile crypto market which is why I advise not investing into such coins. Instead, focus on investing into popular coins like Bitcoin etc.