Some friends of mine always lament that 'we need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?
why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.
I beg to disagree. We need stable coins for cryptocurrency to go mainstream. It would be very hard to achieve if coins are really volatile in nature. As of now, while cryptocurrency is too young, volatility is highly expected. But, as time passes by, we need coins to be stable just like the price of US dollar and gold.