Post
Topic
Board Trading Discussion
Re: The scope for growth in stablecoins is much greater than that of Tether
by
rat03gopoh
on 07/11/2023, 03:46:16 UTC
Dollar supply is very limited and cryptocurrencies are plentiful, According to an estimate, the number of cryptocurrencies created so far has exceeded 8000, which are much larger in volume than dollars,
This is by no means substantially limited, how can the $ exchange rate slowly depreciate year after year? You also can't compare all existing cryptocurrencies with just dollars, in fact all countries have their own fiat with (again) unlimited printable amounts.
When the dollar's depreciation rate is too slow, perhaps the issuing company will create another Xfiat-pegged stablecoin. On the other hand, if fiat can really be set limited then the law of supply and demand applies in the crypto market. Banks don't have to print more.