RE: Stablecoins Explained

You are viewing a single comment's thread from:

Stablecoins Explained

in cryptocurrency •  6 years ago 

Personally, I've come to the realization that In the crypto world, its a bit difficult to circulate dollars due to some restrictions and policies.
So for exchanges that don’t or can’t deal in dollars, having a dollar substitute would greatly help because a dollar substitute would allow you to get out of a cryptocurrency like Bitcoin on an exchange that doesn’t deal in dollars, and to go into a cryptocurrency with a more stable price which would then be mimicking the act of selling Bitcoin to raw cash.

Beyond the use-value for traders and people who also invests, dollar substitutes also allow exchanges access to so much needed liquidity.

Therefore, stable coins would be very important for exchange users, exchange operators, and for the cryptocurrency market as a whole.

So I support it 100%

And thanks for bringing this to many

#Hodl

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!