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RE: Was 64.26% the Top Bitcoin Dominance This Cycle or Not?

@takhar68
LeoFinance

Could there come a time a blockchain is built specifically for stablecoins?
It's just a thought that comes to my mind after reading this reply. I think in theory this can happen but I'm not sure if it'll be useful. Stablecoins are needed to balance out a bit of the inherently volatility of crypto assets, apart from using them also as a medium of exchange or unit of account.

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@gadrian75

What would be the use for that blockchain? Stablecoins are a link between the crypto and the fiat worlds, and I don't think one needs a dedicated blockchain for them to be useful.

Also, there are 3 kind of stablecoins:

  • the ones with USD/fiat backing
  • the ones with over-collateralized crypto backing of top crypto coins
  • the algorithmic stablecoins, usually in dual-coin tokenomics, like HIVE and HBD.

There can be a combination of them.

A stablecoin that has backing from fiat (either cash or liquid instruments) or from the coin of a different blockchain can't really be on its own blockchain. What would be the point of the stablecoin's blockchain, if the backing value is elsewhere?

And algorithmic stablecoins are usually dual systems, with one volatile coin and another stable coin, where the main coin is the volatile coin (i.e. HIVE), which is also the one that backs the stable coin.

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