Which steblecoin is the most promising?

Recently, more and more stablecoins have appeared on the cryptocurrency market: Stasis, LBXPeg, Candy, Paxos Standard, Gemini Dollar, USD Coin, CarbonUSD, nUSD, Stronghold USD ... And this is not to mention such well-known stable cryptocurrencies as Tether (USDT) and TrueUSD (TUSD). We talked to cryptocurrency experts about which stablecoins have the best chances of success.

Mikhail Polikutin, President of RPK Capital Investment House:

Of all that is on the market today, the most promising is the story of the Winklevoss brothers, who launched Gemini, Gemini Dollar and filed an application for registration with Bitcoin ETF to the SEC. In my opinion, if Bitcoin-ETF is approved, many players will enter the market using these tools. From this point of view, Gemini Dollar has a priority to enter institutional investors, whether through the Gemini Exchange or Steybcoin itself, since they are associated with Bitcoin-ETF.

Dmitry Machikhin, Midex IT Executive Director and GMT Legal Senior Partner:

The concept of steyblecoins has gained immense popularity recently. This is primarily due to the market reaction to the high volatility of classical cryptocurrencies. At the same time, stable cryptocurrencies are also subject to volatility. The steakblockin father is USDT, created by forces owning one of the largest exchanges Bitfinex. The volume of capitalization of the coin is several times higher than the capitalization of the rest combined. Nevertheless, the 15 of October, the USDB steblecoin has already dropped by 10% and, as a result, the speculative rise in the Bitcoin exchange rate by $ 100 on the Bitfinex exchange.

Many associate a sharp drop in the course with the activity of another popular project - IMMO, which is rumored to be controlled by the Rothschilds. IMMO is also referred to as steyblecoin, which is not entirely true, but the coin still has mechanisms protecting against volatility. Absolutely stable cryptocurrencies do not yet exist, and this is confirmed by the current situation in the market, where the manipulation of supply and demand ratios still play a leading role.

Gleb Piletsky, PR-manager of the international financial company Tugush Blockchain Capital:

As you know, steyblekoyny can eliminate some of the disadvantages of cryptocurrency, which serve as an obstacle to their successful implementation in our lives. Among the obvious advantages stebkoinov:

1. Simplify the exchange of cryptocurrency for fiat money and back;
2. Reduce or eliminate the risks associated with high volatility of cryptoactive assets.

An illustrative example of high public interest in Fiat-supported cryptocurrencies is the Tether story and the scandals associated with this altcoin. Despite the recurring debate about the reality of the existence of fiat assets that support Tether, this altcoin still keeps afloat and retains its primacy among steybcocoins. Nevertheless, many companies decided to take advantage of the precarious position of Tether and introduced their products to the market. From the latest "novelties" on the market, I want to highlight the stable Paxos Standard Token (PAX). Now it is only in 69-th place in terms of total capitalization, but I am sure that this is far from the limit.

Many large exchanges have already entered into cooperation and launched the PAX trade, namely, partnership with leading market players serves as one of the main guarantees of the success of cryptocurrencies. So I advise you to look at this coin. I also want to mention TrueUSD (TUSD), which is now on the 46-th place by capitalization and is the closest competitor to Tether. In just six months of its existence - this cryptocurrency was released in March 2018 - TrueUSD gained popularity among many users. One of the advantages of this steablcoin is its stability. The maximum fluctuation of the price of this cryptocurrency is now about $ 0,03, which is negligible even for the traditional financial market.

TrustToken, which oversees this project, aims to establish a link between the traditional and cryptocurrency financial markets. So with the correct positioning of TrueUSD, the company has every chance to press Tether in the future.

Alexander Klimov, ICO Market Specialist, Black Ball Director:

The number of steakblocks steadily grows due to the lack of the “perfect steblcoin”. All existing assets in this category have both advantages and disadvantages.

Among the most reliable and most promising can be brought steblekokoiny tied to fiatnym money or precious metals. They are resistant to collapse, decentralized and at the same time are notable for the profitability of provision. Consequently, the most promising steblecoins should be chosen from among those that are tied to Fiat.

A number of global cryptocurrency experts, including Black Ball team analysts, see the growing prospects for TrueUSD. Stablecoin has already managed to recommend itself as an asset with transparent reporting and big plans for the future. The company intends to release also TrueEuro, TrueYen, etc.

Danil Yakovlev, Trade Infrastructure Development Manager at Zichain:

The 2018 year can be called the year of the stablockcoins, which stand out noticeably in the context of a long-term correction of the cryptocurrency market. According to Blockchain analysts, functioning steakbcoins currently more than 20 units (Tether, TrueUSD) and some other 30 may soon be launched (Circle, Basis).

Stablecoins can differently ensure stability of the course - by providing Fiat (for example, $ 1 is reserved for each coin), cryptocurrency (1 ETH is reserved for each coin) or algorithmically (the amount of coins in circulation varies depending on demand or supply). However, the determining factor in the issue of the future prospects of the coin is not its stability. The fact is that the popularity of steyblecoins is explained by the possibility of their widespread use.

Stable currencies can be used in insurance, lending, payment for goods and services, or remittances. Due to the fixed exchange rate, steyblecoin combines the advantages of both digital assets and traditional currencies. In particular, for such cryptocurrencies as Bitcoin, the problem with functioning within the framework of the existing monetary system is relevant - limited emissions will not allow banks to work with digital assets on the principle of partial redundancy.

Accordingly, the most promising in the future will be those steakbloins that are as similar in use as possible to current fiat currencies or, in other words, are closest to ordinary electronic money. Examples of such coins are Paxos Standard, Candy and Basis. We consider the least promising ones that are only equivalent to fiat currency on the crypto market, like Tether, Gemini Dollar - the need for them will disappear as soon as banks and other financial institutions begin to openly work with digital assets.

Evgeny Vlasov, CEO of Comino:

Stablecoins are a hot topic that is of interest both to retail investors and institutionalists. To date, most of the stablecocks cannot provide transparency due to the use of escrow accounts, since, in my opinion, the system based on them cannot be fully audited. The other type is algorithmic steablockcoins, which support a stable course using software algorithms. They are very interesting as a concept, but their viability has not yet been proven by the market.

Therefore, with great interest, I am following EURS, “crypto-euro” from STASIS. First, they are provided with fiat money. Secondly, it is a full-fledged system, which includes payment services, large brokers, auditors and custodians, as well as listing on various exchanges.

It is worth noting an important feature of the EURS - this is a cryptoactive asset that is legal in the legal system of Malta. Let me remind you that STASIS participated in the development of the country's cryptocurrency legislation together with the government. The European Union will look very closely at the experience of Malta in the development of pan-European regulation. This means that the EURS will be easily integrated into the regulation of the entire EU. This is the type of assets for which I see the future.

Trading on the cryptocurrency market is associated with high risk and is not suitable for all investors. The above analysis should not be construed as a recommendation / call to action. Each trader is obliged to independently assess the risks, taking into account their financial position.