Quote from: franky1 on Today at 10:43:44 AM

Quote from: Games.Bitcoin on Today at 10:30:55 AM

Stablecoins on the Bitcoin blockchain have emerged as a compelling solution for those seeking the stability of traditional currencies within the decentralized world of cryptocurrencies. By pegging their value to assets like fiat currencies or commodities, stablecoins provide users with a reliable medium of exchange and store of value. Leveraging the security and transparency of the Bitcoin blockchain, these stablecoins enable fast, low-cost transactions while reducing the volatility associated with other digital assets. With the potential to enhance financial inclusion and revolutionize cross-border payments, stablecoins on the Bitcoin blockchain are poised to play a significant role in the future of digital finance.

stable coins are not a great store of value.. FIAT is a bad store of value. inflation has taught people this. wise up
we should not be promoting bitcoin to turn into an asset class to facilitate crappy inflation currencies. especially if those crappy inflation currencies then require regulation auditors and other dumb stuff that failed said fiat world in the first place

I agree with Franky and I also think that stable-coins aren't a great store of value. But, still they are important to exist in the crypto-space because in the world of crypto-trading the stable-coins can play very important role for the traders. Those coins are dollar stable and in the times of bear market converting our other coins to stable-coins is a wise choice.

However, they aren't going to be volatile like Bitcoin and other Altcoins, but they will still have a good role in trading because in times of bear market the stable-coins can save a trader from huge losses. In bear markets when all coins lose their value the stable-coins are the ones we can rely on.

But, those stable-coins have no place on Bitcoin blockchain and they're just as a way for the haters to cause congestion in the network and nothing else. If they were really useful for the Bitcoin then Satoshi might have added those in the initial days of Bitcoin.

I think that most of those stable-coins are useless and they aren't beneficial at all. They're just launched to grab some money and are the ones that will fail because of no good use case and less adoption. I remember the time when Terra UST was de-pegged and many people have lost billions because of that so called stable-coin. So, it's always preferable to go with only those stable-coins which are still proving good benefits for the traders and have wide-acceptability.