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?
In my opinion, I think having more stable crypto coins in the crypto market and the crypto space will help people who are new to this ecosystem to get involved using cryptocurrencies for their daily online transactions. The volatile nature of most crypto coins makes it difficult for people new to cryptocurrency to use it due to the fact that, majority of these people have some belief that they can easily lose some percent of the value of the coin they have. I have this ideology that, if all cryptocurrencies have a stable value, people will see cryptocurrencies as the easiest and fastest payment system in the financial space.