Jump to content
Sign in to follow this  
Armanius

Stablecoins: A Lesson in Market Predictions

Recommended Posts

https://ripple.com/insights/stablecoins-a-lesson-in-market-predictions/

 

"Stablecoins are a welcome attempt to bring stability to the digital assets market. Much like a country pegging its volatile currency to a more stable country’s currency in an effort to make its economy more predictable and attractive to investors, digital assets issued by companies like Tether and Haaven are anchoring to the U.S. dollar, gold reserves or even the algorithm behind the digital asset itself."

Share this post


Link to post
Share on other sites
40 minutes ago, Armanius said:

https://ripple.com/insights/stablecoins-a-lesson-in-market-predictions/

 

"Stablecoins are a welcome attempt to bring stability to the digital assets market. Much like a country pegging its volatile currency to a more stable country’s currency in an effort to make its economy more predictable and attractive to investors, digital assets issued by companies like Tether and Haaven are anchoring to the U.S. dollar, gold reserves or even the algorithm behind the digital asset itself."

Nice link. It is explains the reason why stable coins are a short term solution for a deeper underlying long term problem. In fact stable coins are no solution at all and make the problem worse. A healthy market dynamic with real supply and demand is the way to go.

Edited by cryptoxrp

Share this post


Link to post
Share on other sites

Why in the world would anyone hold a stablecoin???  

"Stablecoins are a welcome attempt to bring stability to the digital assets market."  He states this but doesn't explain how it brings any stability at all.  Why would anyone buy a coin that represents a $$ when you can just buy a $$.  

Share this post


Link to post
Share on other sites
21 minutes ago, Eric123 said:

Why would anyone buy a coin that represents a $$ when you can just buy a $$. 

Quicker for arbitrageurs to move around?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
×
  • Create New...