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.
Yes, but also we have to remember about some liquidity which is needed in cryptocurrency and which more and more stablecoins can provide for many trading pairs.