Quote from: Digifann1 on July 23, 2025, 01:23:58 AM

Quote from: justinlamode on July 22, 2025, 10:31:57 PM

Quote from: Charles-Tim on July 17, 2025, 10:06:35 AM

Stable coins are more than those pegged with fiat.

Aside USDT, USDC, DAI and others fiat begged stable coins, stable coins can be pegged with any other thing. Example is wBTC that is pegged with bitcoin price. Another example is PAXG and XAUt that is pegged with gold and so on. They are stable coins because they have the same price or almost the same price with the coins they are pegged with. As the asset go up, they go up and as the asset come down, they also come down. I mean in price.

From my understanding, what make them stablecoin is because of their lack of volatility irrespective of the forces of demand and supply. Even if the price will change, it will just be very small that it will approximately be the same thing. Therefore, the moment you remove volatility from any cryptocurrency, it becomes a stablecoin. It may be tied to anything and it doesn't matter, it just have to be stable and not volatile.

This is very wrong you need to update your understanding. USD has lost a lot of value this year, which means that this stablecoin is not really stable in terms of value. The price changes all the time. Obviously the price of 1 USDT is not going to change in the USDT/USD pair. Cheesy

Try viewing it as USDT/other fiat and you will see. They are both unstable and volatile.

Probably justinlamode will know what you are talking about and nobody is disputing that but justinlamode is very correct. If you compare USDT to USD, you will see how USDT is a stable coin and pegged with USD, but sometimes there can be little differences in the price which is not significant and not worth discussing about in relation to their price changes.