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What are your thoughts on stable coins? Do you see potential behind the concept? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below!

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44 COMMENTS

  1. Trading on Binance. Bought BTC near the bottom. I want to protect my % gain and using TUSD will do this as it's pointless riding BTC down. I'll reenter BTC once it stabilizes and I'll be able to purchase more at a lower price. This is how I use stable coins to protect my gains. I was using tether before, switching as the trust is gone from tether.

  2. Great video! I think stable coins are the future of mainstream transaction adoption. Cryptos are great for storage of value – I would say many of them can perform that function not just Bitcoin. For example I think ethereum has great potential for converting between stable coins and ethereum as a storage of value. I'm interested to see how this develops in the future.

  3. Nicholas, thank you for all your videos. As I research crypto, I would find it very useful if your episodes had show notes on your website that included the correct spelling and website links for the technologies you name drop.

  4. Calling the dollar stable is very naive. I expect the dollar will go down sooner as the most think. Stable coins have a system like QE (not 100% backed by real value) which is the very reason why the dollar and the unstable financial structure will fall.

  5. Stability provided by coins is a myth. There is no stability, even now, when we have a bunch of them. When the shit happens on the market I use Tether in which I hide my crypto for a while 🙂 no other use…

  6. Stable coins should help us make the crypto market more adapted to the real sector of the economy. USDT works in this field for many years. It's time tested and SEC checked. So why do we need more?

  7. In terms of pegged stablecoins I think it is worth to mention EURS issued by STASIS. They are way more transparent providing weekly verification and quarterly audits from BDO Malta.

  8. I liked your video DataDash, but you did not speak about the risk. Basically, if you put your wealth into a stable coin at this time-point you are trusting the whole etherum network. If ETH fails, all stable coins fail. It would be good to add a comment on the risk.

  9. Stablecoins are wash trading and trading bot cash out options which ruined the market by allowing bots and whales to hide out instead of "cashing out" into BTC or fiat. The Federal Reserve act of the Cryptosphere. Did it in two sentences!

  10. What I've been always wondering is, how does Theter and TUSD generate revenue? Are they getting fees when their coin gets traded or is it like a hedge? And would that mean it's in their interest that bitcoin drops in price?

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