Post
Topic
Board Altcoin Discussion
Re: BTC Pegged Altcoins? Are that useful?
by
saerdnaa
on 22/10/2018, 10:19:54 UTC
The purpose of the stable coins are to tackle the volatility in the market and give assistance or relief to investors on stability of their investment. That is why stable coins are pegged with another stable assets like US dollar, gold etc. In terms Bitcoin, IMO Bitcoin and most of the altcoins are volatile and are not stable they can go higher or lower in price as per the market conditions, so chances are very very low that we will be able to see stable coins pegged to BTC in future.

My idea is: stable coins are useful not only because they are "stable", but mainly because they are coins.
For example, USDT gives to USD the superpower to be a cryptocurrency.
If you want to give to BTC the superpower to be traded faster than 10 min, you could create a BTC pegged stable coin...stupid idea?