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??
They are useless, honestly stable coins are just centralized coin that they have a fixed release price that doesn't change, and it is created for the reason to be used on a specific platform, like what is happening with facebook, they are creating the new coin GlobalCoin in 2020 that is going to be used on Instagram, whatsup and Facebook, stable coins are not that popular among the crypto community because they are centralized and have no profit from them.
But they will claim that they have more usability than the volatile decentralized crypto currencies.But centralized are more danger and we don't need any of them when we already have fiat in the digital form.