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?
For me stable coins can have a future because they are sought after for a number of companies because of low fluctuations, so they have a little difficulty, but that depends on how the developer develops the coin, especially as it is known that cryptocurrency is vulnerable to fluctuations, as you said that all coins and even the US dollar that emphasized stability remained high fluctuations. 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?