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Will Cardano go for a stablecoin? - Printable Version

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Will Cardano go for a stablecoin? - Hugues - 2020-02-12

Cardano Developers Could Start Working On A New Stablecoin

The cryptocurrency market may have the possibility to enjoy a new stablecoin. This time, the team behind Cardano (ADA) could be working on a new virtual currency that could be “truly decentralized.” The information was released by Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, on Twitter. 

https://usethebitcoin.com/cardano-developers-could-start-working-on-a-new-stablecoin/

https://beincrypto.com/cardano-founder-charles-hoskinson-considering-stablecoin/


RE: Will Cardano go for a stablecoin? - Junior - 2020-02-12

Interesting following


RE: Will Cardano go for a stablecoin? - Carsten - 2020-02-12

The question is how many stable coins we need? Is there room for another one?

We also know that central banks are looking into stable coins.


RE: Will Cardano go for a stablecoin? - Hugues - 2020-02-12

(2020-02-12, 06:30 PM)Carsten Wrote: The question is how many stable coins we need? Is there room for another one?

We also know that central banks are looking into stable coins.

yes about the banks, but Cardano wants it fully decentralized.


RE: Will Cardano go for a stablecoin? - Carsten - 2020-02-12

(2020-02-12, 07:42 PM)Hugues Wrote:
(2020-02-12, 06:30 PM)Carsten Wrote: The question is how many stable coins we need? Is there room for another one?

We also know that central banks are looking into stable coins.

yes about the banks, but Cardano wants it fully decentralized.

I know. It's fine with Cardano, but we have more stables coins already. So how many do we need?


RE: Will Cardano go for a stablecoin? - Hugues - 2020-02-12

(2020-02-12, 10:15 PM)Carsten Wrote:
(2020-02-12, 07:42 PM)Hugues Wrote:
(2020-02-12, 06:30 PM)Carsten Wrote: The question is how many stable coins we need? Is there room for another one?

We also know that central banks are looking into stable coins.

yes about the banks, but Cardano wants it fully decentralized.

I know. It's fine with Cardano, but we have more stables coins already. So how many do we need?

To be honest? I believe all coins should be stablecoins.


RE: Will Cardano go for a stablecoin? - Junior - 2020-02-12

The question is not how many we need, but more when does the right come? The one that everyone agrees to use. Until then we will see lots of stablecoins being made. It's like with the different generations of blockchain.


RE: Will Cardano go for a stablecoin? - Carsten - 2020-02-12

(2020-02-12, 10:20 PM)Junior Wrote: The question is not how many we need, but more when does the right come? The one that everyone agrees to use. Until then we will see lots of stablecoins being made. It's like with the different generations of blockchain.

USDT rules for now. It has right now a daily volume of $52,683,479,495 and Bitcoin has "only" $41,738,306,665... which is still extremely high compared to just some weeks ago.