Post
Topic
Board Altcoin Discussion
Re: Will Stablecoins have a future?
by
WatchMaker
on 11/04/2019, 18:31:26 UTC
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? Smiley
Yes, I believe the stablecoins will have a future because it's as you said "they are safe-havens for crypto investors" whenever the market starts misbehaving people have a place to put their own money.