Post
Topic
Board Altcoin Discussion
Re: Stable coin
by
poornamelessme
on 26/05/2019, 00:41:08 UTC
Pls I'd like to be enlightened on the importance of stable coin in the crypto space... I hear Facebook coin will be a stable currency... what are the use of stable coins??

In the crypto space, they are useful for exchanges that don't deal with fiat. Also useful when trading, as it can be quicker to send crypto than cash.

As for Facebook, don't know exactly how they plan to use it. I expect to buy something they'll benefit from. There won't really be investment potential with it, unless they institute some sort of rewards system. But then they may be getting into securities territory, so I expect that won't happen.