Quote from: bitmover on November 21, 2020, 03:30:17 AM

Quote from: cryptoboss2020 on November 19, 2020, 10:28:30 PM

Quote from: LoyceV on November 19, 2020, 06:53:16 PM

A stable coin is stable because it's backed by fiat currency. Unlike shittokens, you can't just create it out of thin air and give it a stable value.

Tether currently has a market cap above 18 billion dollars. That should mean the creator holds more than 18 billion dollars in a bank somewhere. According to Wikipedia, a year and a half ago each coin was backed by $0.74. If that ratio is still the same, there's almost 5 billion dollars of "air" in it now. I can't believe people still use it!
So who knows, if you can hype your euroshitcoin, you might actually get away with it too!

everyhting is possble if you hype the coin but i need developer it cant be that hard to make it i think few days and its done.
then first talk with excngers...like how many coins you want add my coin ,once coin is listed on excngers like binance then boom thats it !

Stable coins are based in trust.

People pay 1 USD for each USDT (or USDC) because the market trusts Bitifinex/Coinbase are going to pay 1 USD for each for those coins.

As you already said you have no money and you cannot pay anyone, nobody is going to pay anything for your token. Nobody trusts that you are going to pay back 1 mi USD if I give you 1 mi of your shitcoin. (because you can't pay)

It is that simple.

So I can tell to coinbase take my stable currency.
I make money they make money
Simple!!
Why we over complecate??