The most stable crypto coin for hte last 2 years, which one is it?

[reesek]

until US government that will become full commie next year busts them like perfect money or liberty dollar or whatever. DAI is the only distributed crypto stablecoin, means you need to destroy all computers to ban it

us gov has no reach to euro sovereign bonds

 

[reesek]

I stick to bitcoin and ETH don't trust any of the stablecoin.

what if you want to be paid or pay suppliers? every time check the rate and just swallow the volatility?

 

[evasmith]

I think tether is the most promising

I would like to keep some of my money in a stable crypto coin, so I mean coin where I am next sure it does not have the major fluctuations over the next 1-2 years. Does it all exist or are they all equally uncertain?

I think tether is the most promising stable coin

 

[happyjohn]

I think tether is the most promising

I think tether is the most promising stable coin

looks like it is since it is supported by so many of the big exchanges around. I still stick to Bitcoin and Etherium to be honest.

 

[JohnLocke]

USDT is a private owned company is that true?

 

[reesek]

yes
and nobody knows how much real assets they have and they never show

also, us prosecutors are after them big time


https://www.coindesk.com/nyag-bitfinex-tether-served-new-york-residents-longer-than-they-claimhttps://www.natlawreview.com/article/appellate-court-greenlights-nyag-s-bitfinex-investigation
there are transparent alternatives like usdc or eurs in eurozone which is very fast to buy sell via card or wire

 

[clemens]

great info mr. @reesek - I was surprised to read about this even though I was a few seconds away to use them for another project.

 

[reesek]

use stasis euro for that
they have apis to buy sell it via cards or sepa

 

[celizo]

It stores reserves in gov bonds so it cannot be frozen as cash with some bank.

Hello reesek,

Please do you know what kind of bonds? AAA bonds are not the same as lower rated bonds, and AAA european gov bonds are currently negative .
For information, Trusttoken has abandonned their project of TrueEUR due to negative interest rates (business not viable).

I see russians (CEO/CTO) + companies in Malta + Cyprus... hmmm, this cocktail is a little bit scary...

Anyway, I hope I'm wrong because it's very interesting to have a stablecoin in EURO.

 

[JohnLocke]

I stick to bitcoin and ETH don't trust any of the stablecoin.

second that, sorry to say so, I want to see how all the ALT coins will develop during the next few years.

 

[reesek]

Hello reesek,

Please do you know what kind of bonds? AAA bonds are not the same as lower rated bonds, and AAA european gov bonds are currently negative .
For information, Trusttoken has abandonned their project of TrueEUR due to negative interest rates (business not viable).

I see russians (CEO/CTO) + companies in Malta + Cyprus... hmmm, this cocktail is a little bit scary...

Anyway, I hope I'm wrong because it's very interesting to have a stablecoin in EURO.

the eu nations gov bonds, malta is a+, has the lowest debt/gdp in EU and yields something
they have a top auditor thats doing weekly audits (not thats an immunity given wirecard but still the ONLY stablecoin that is audited by a top name)
if you ever onboarded an entity to the top auditor you know what a deep dive the do, i am sure that crypto related project was checked up to eyeballs, blood/urine tests + HQ approval. It's actually great that some smart people figured out the negative interest rate dilemma vs non-finance guys from the valley (trueEUR) that only good for a fancy talk but know nothing about capital markets thus failed

 

[avalanche]

I agree, but the problem may well be that the moment you want to switch your BTC to FIAT, the BTC is worth far less than you expected. Then you will have to wait or take the loss.

You just dont put your last money into Bitcoin lol.

 

[Marie Manila]

what did it promise you? USDT can be shut down in a day or arrested, USDC can remote wipe your wallet. Oh man, research before you post. DAI is the only distributed stablecoin

How will USDC be able to remote wipe my wallet?
If I own the private key, nobody will have access. Is it different in USDC?

 

[avalanche]

How will USDC be able to remote wipe my wallet?
If I own the private key, nobody will have access. Is it different in USDC?

blacklist everyone who receives money from that wallet. then any exchange would seize the funds immediately once it touches their account

 

[Marie Manila]

blacklist everyone who receives money from that wallet. then any exchange would seize the funds immediately once it touches their account

Well, this is also somehow possible for most other crypto coins. But why should any exchange seize my funds just because they are on any blacklist?
That would be like a blacklist for numbers on banknotes. Nobody checks them.

Or did it happen once with USDC in the past?

 

[avalanche]

Well, this is also somehow possible for most other crypto coins. But why should any exchange seize my funds just because they are on any blacklist?
That would be like a blacklist for numbers on banknotes. Nobody checks them.

Or did it happen once with USDC in the past?

Thats easy to enforce with crypto compared to cash. All transactions are done in the same manner which allows to track them algorithmically. Plus blacklisting can be enforced via regulations (punish by law for accepting money from blacklisted wallets)

 

[Spinat]

Well, this is also somehow possible for most other crypto coins. But why should any exchange seize my funds just because they are on any blacklist?
That would be like a blacklist for numbers on banknotes. Nobody checks them.

Or did it happen once with USDC in the past?

I would like to ask the same question, it make no sense???