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?
I am not quite sure what you mean by stable coins, if you mean BTC, ETH, XRP, etc, then I think we do not need more stable coins. Cryptocurrency is volatile, nothing is stable, in a day, the price can go down and in a day the price can go up tremendously because of a bull run. That's why we don't need more stable coins.