Post
Topic
Board Trading Discussion
Topic OP
The scope for growth in stablecoins is much greater than that of Tether
by
DashingAgent
on 06/11/2023, 06:57:33 UTC
The scope for growth in stablecoins is much greater than that of Tether

Dollar supply is very limited and cryptocurrencies are plentiful, According to one estimate, the number of cryptocurrencies created so far has exceeded 8000, which are much larger in volume than dollars, To fill this gap, large amounts of dollars are needed that banks are not inclined to print, so this gap is helping to create a market need for stablecoins. It is possible that we can create stablecoins in the amount of quadrillion, compared to Tether, which can be exchanged at a rate  of 1:1 to Tether, which can create a quadrillion or multi quadrillion dollars market. For which a separate blockchain can be created that can print stablecoins by providing liquidity to your assets. This way it can avoid many different pairs like DAI and VAI which creates a lot of complications, as that reduces liquidity and reach, as too many pairs trap cryptocurrencies in different places which reduces their demand. Moreover, it can eliminate opportunities to provide liquidity by spending dollars from your own pocket, which is the cause of most scams.