Stability can only occur in a balance ecosystem. Fluctuation occurs when it is not. Stable coin pegged to a fiat currency need to be recognized by mass adoption that it serve the same function. Alipay and wepay are both in a way stable coins, issuing a token pegged to rmb where you can only use within their ecosystem. But if the coin is stable, what is the draw to investors and the value added to users, as compared to fiat currency. A coin cannot be both speculative and stable. I believe the only way is through dual token mechanism. What do you think?
PS: we have engineer and come out with our ICO based on this.
https://veritag.org/
https://t.me/veriHUB
In my vision stable coin is something that should be regulated otherwise it will not be stable. We have a perfect example of coin that gained thousands of percents depending on supply and demand model. If such stable coin will have high supply and low demand someone will need to correct the demand with his resources. And this is clear regulation. But how can crypto be regulated - I can't see that co-existing of governments+banks with cryptocurrencies is possible in current state of affairs PS: we have engineer and come out with our ICO based on this.
https://veritag.org/
https://t.me/veriHUB
It's simply impossible to regulate the price of a cryptocurrency that claims to be decentralized. If you try to regulated it, it means someone has power over the price. You could perhaps try to automate this process with smart contracts using several exchanges to spread point of failure, however it's an huge risk, it would definitely not be a store of value.
What we need for mass adoption is that people see a true necessity for it. People that can do groceries and regular buying with their government fiat isn't going to be too interested. But all fiats are doomed long term due infinite debt nightmare, so eventually everyone will take a serious look at bitcoin.
The end goal is that bitcoin becomes the global reserve currency because it meets the demands of a big part of the economy and thus it naturally becomes more stable when the marketcap is worth trillions or even quadrillions of former dollars.