Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past.
NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
I think we need to limit the option for these stable coins in the market. It is not healthy tfor us to use too many stable coins for the benefits of safety because it just creates a division of volume for every stable coins. Also, we might consider these stable coins to have its exact and fixed value because every decimal is important for a huge trader.