Quote from: coupable on August 14, 2023, 01:01:29 PM

So far, the problem with most of these currencies is that it is not certain that they actually have a dollar cover that covers all the stable currencies that are issued.

Exactly. It is interesting that not so long ago most topics involving stablecoins were about their scam nature because the centralized companies issuing them nonstop had never shown any proof of funds. They just keep printing tokens out of thin air! But these days people seem to have either forgotten that or have ignored it completely.

Quote from: Wealthclub777 on August 14, 2023, 01:59:17 PM

Actually currency have value If people belive on this and why not USDT it's kind of stable thanks to tether btc holdings and it's good hold in your wallet and good liquitty to trade or exchange people love it and many people use USDT to make transactions.
Even paypal now use ETH blockchain what people dont Understood is that the btc and eth are here to stay and will used by many financial enteties.

The problem is in centralization of these things.
All stable coins are centralized one way or another, not to mention that they practically have their hand in your pocket and can freeze your money at any time they want: https://bitcointalk.org/index.php?topic=5204055.0
It's the same with shitcoins like ethereum. It also is centralized and with all the other vulnerabilities in its protocol and the reversible blockchain it has, makes it a very risky project as a whole with a shaky future at best.