Quote from: naikturun on November 30, 2019, 04:43:18 PM

Quote from: BigBoy89 on November 30, 2019, 03:46:31 AM

Quote from: VSYNC_ on November 30, 2019, 12:02:12 AM

Anyone trying to develop new kinds of stable coins? Was thinking of setting a group up to discuss ideas, learn collectively and pool resources. Any interest?

Not really.

Stablecoins requires huge real-world finance backups, not extensive development. And the market is already flooded with enough, with only stableDollar coins being successful. I don't see any volume on any stable Euro/GBP, so even these are not valid niches.

Are you sure all stablecoin are in backup by real money in the real world with equal or even bigger amount, tether USDT has a great daily volumu which is even the greatest volume today in the CMC (17billion $)
So does the project have real money backups?

Well, at least this is the idea behind the stablecoins - being backed up with the fiat equivalent.

You are mistaking Daily Volume with Coins in Circulation...

Tether Market Cap is 4,104,998,322 USD
While the volume is 19,132,947,703 USD

This mean Tether need to have in a real bank account 4,104,998,322 USD or close, not 19,132,947,703 USD.
There are some controversies about Tether and backing with fiat, so I'm avoiding it in favor of the USDC and TUSD.