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??
Most stable coins are usually pegged to a static value like dollar. 1 stable coin will equal to 1 usd, so they dont usually fluctuate that much and can be useful to retain the value of ones fund. I also think Facebook coin will be a stable coin which will be more useful for those that are running their business through Facebook.
I dont think it will be of any use that much to investors since it will have like zero volatility. Moreover, the coin will be more used internally, the way ripple is being used more by bankers since it is a banking product, while Facebook will be used more by its user and not for general people.