Quote from: canaveralnonie on December 20, 2018, 10:12:14 AM

Quote from: CP_Processor on December 20, 2018, 09:49:58 AM

How do you explain this phenomenon that no one really likes these centralized stablecoins, yet they are the ones with the greatest market cap among stablecoins?

Yeah, those thing is unfamiliar to me. Maybe, I need to know more about this crypto currency ( all I knew is tokens and altcoins ). That's why I always visit some website like coinmarketcap.com and etc. I am well satisfy on those website if I want to monitor those stable altcoins where I invest with.

But this thread caught my interest as a crypto user, please give me time to know it.

Stablecoins are a specific type of cryptocurrency. They are designed to always hold its peg. For example, if they are fixed to a dollar peg, their price should always be 1 dollar. If you check those stablecoins on coinmarketcap, you will see that their price is always 1 dollar (or in the near vicinity of a dollar). USDT, USDC, TUSD, GUSD, PAX are the ones to check. They have the greatest market cap right now, and they are all fiat collateral type of stablecoin.

There are two more types of stablecoins - crypto collateral, and algorithmic, but for some reason they are not widely accepted in this ecosystem.