Recently many bounties started ICO based on stable coin, my question now is; do you think stable coin can bring about the desired change in the fluctuation in the crypto market? What is stable coin in the first place? If we dont fully know the advantages, the acceptance may not be much. what is your thought on this?
This headline draw my attention and i needed to share:
https://www.ccn.com/stablecoins-are-a-game-changer-says-aussie-crypto-exchange-founder/Yes! that's true thats why we call it a stable coin. But usually stable coins are backed by fiat currencies like US$ dollars, etc. But we must remember that this so called stable coins are still paired and rely with traditional cryptos like Bitcoin,Ethereum and other crypto's in term of trade volumes without the tradional cryptos the so called stable coins are nothing!