Quote from: jacafbiz on September 28, 2018, 08:21:12 AM

Quote from: kronos123 on September 28, 2018, 08:02:08 AM

All specialized newspapers and magazines, forums, chats, reddit, twitter, etc. they are talking and commenting on the announcement of Circle to create its StableCoin (USDC); at the moment little news has been leaked except that at the launch USDC should exchange on Polinex (bought by Circle just a few months ago) as well as on OKEx, DigiFinex, CoinEx, KuCoin, Coinplug and XDAEX exchanges.

Many are saying that soon USDC will replace Tether and replace it soon.

https://www.coindesk.com/usd-coin-arrives-circles-crypto-stablecoin-is-now-trading/

There is no doubt USDC is a good addition to the space, but it is too premature for the talk of it displacing Tether, I know Tether is not perfect but with a marketcap of over $1 billion you need to do a lot before you catch up with that. For me the competion with help drive the prices of Crypto assets up.

Agree with this totally! The thing is in as much as the USDC would be just another option in the space for stable centralized coin; it still does not just mean all of a sudden everyone would just discard the usage of tether completely.

There is absolutely so much to go around, and apparently like someone said, will be backed by real fiat eventually, and for the fact that Tether has grown huge over the years, and being widely used across board, makes it so hard for a new stable coin to just displace it, when it is not like it has something different or better to offer than just the capability to use it to hedge funds.