Post
Topic
Board Bitcoin Discussion
Re: Stable Coins are a Threat for Bitcoin?
by
mdzahed134
on 21/10/2019, 12:00:24 UTC
Let's discuss the potential effects of stable coins which are bound to usd or eur. We usually use them to avoid the volatility or short bitcoin in a way. There are many stable coins in the last year. By writing threat, I didn't mean issues like tether's issue. I mean, they are not coins, they are just usd and eur.
No, i don’t think that stable coins are a threat for Bitcoin or Ethereum. Yeah, a lot of controversy regarding stable coins specifically Tether (USDT) is the most using currency that's why all of the people’s used it for many different purposes. In the trading it’s highly used. Actually, stable coins can be protect your losses when the crypto market is very badly go to downtrend. This one is really big advantages in the crypto space. How it will be threat for Bitcoin i don’t know.