Quote from: qwizzie on December 17, 2018, 09:21:13 PM

Quote from: very_452001 on December 17, 2018, 09:06:00 PM

Which new stablecoins are coming out in 2019?

How does a person know that the stablecoin is not a scam and is audited/verified showing its backed up by something? For example USDT suppose to be backed by dollars in a account/vault. Can the buyer go to the vault and exchange his/her stablecoins for whatever it's backed by in the vault?

If stablecoin crashes and dies will buyer/hodler be compensated?

Which stablecoins are decentralised and is regulated by the government?

Why would someone by a stablecoin? Is it because it is more convenient to hold compared to the actual physical thing?

Finally how do you make money on stablecoins on the markets if there are no bull or bear markets or volatility for them?

Stable coins are used by some traders (mostly large investors) during times of high volatility, when its unclear which way the market goes and when there is a high chance of major price movements.
They use stable coins to protect their investment against this volatility, since stablecoins are directly pegged against the dollar so their investment will be less impacted. Its basicly an alternative to
cashing out in FIAT (which will bring regulation, KYC rules and scrutiny with it).

There are ten stablecoins i'm aware of :

Tether : least trusted of the stablecoins and most controversial as no official audit was ever finished and presented. This stablecoin is issued by Bitfinex, which also has somewhat of a damaged reputation after getting hacked awhile back
and charging their customers in order to cope with the losses.

https://www.investinblockchain.com/new-stablecoins-2018/

Paxos Standard
Gemini Dollar
USD Coin
CarbonUSD
nUSD
Stronghold USD
Candy
LBXPeg
Tiberius Coin

Check the major exchanges and see which stablecoins they implement, that should give you an idea which ones are more in demand.
So in conclusion using stablecoins is not so much about making money, it is about protecting your investment.
Personally (eventhough i dont use stablecoins) i would check out Gemini Dollar as the Gemini exchange is well known (Winklevoss brothers), well regulated, provide strong protection and seems to have good insurance.

I checked so how come the most controversial coin Tether is still the most popular and most demanded with the highest marketcap?

For example if I had a million dollars in my account/vault then I create my own stable coin with a supply of 1 million coins?

Is there a need for all these stablecoins that all do the same job?

If dollar crashes then stable coin will sync to it and crash?

So in a bear market like this people sell their bitcoins for stable coins until they know which way the market is heading?