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?
There are many stable coin already in the market, adding more stable coin will make stable coin look messy left to me i would prefer just two in order to avoid monopoly in the market.
Yeah two or three stable coin is enough for me too. Stable coin could push the adoption of cryptocurrency by helping people purchase Bitcoin easily, but if there are too many stable coin newbies can get confuse when they enter this market.