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RE: Do we need stablecoins?

in #stablecoin5 years ago

I believe the terminology stablecoin isn’t being used properly. For example tether tries to stabilize at a dollar and so does dai but will they be stablecoins of the future. Hypothetically when Bitcoin hits its volume cap the price will stabilize. Eventually turning Bitcoin into a highly valued stablecoin. Current stablecoins prices are controlled to maintain the perceived value of USD.