Whenever we think about stable coins, probably the first one that you think about is Tether. Seems like the stable coins are getting more play time, more press time and probably this might be due to several facets, maybe manipulation between Tether and Bitfinex and the rise of the amount of kind of financial turmoil that's happening in the world.
The world wants a stable coin, they don't know that they want it but they want it. They want something that is actually stable, that's backed by real world assets, not just made up print money and so we can see why that in 2018 the rise of stable coins in the mainstream media, the rise of the desire for these ideas are coming up more and more often.
This one is kind of surprising, South Korea creating a Stablecoin.
South Korean Stablecoin Project Raises $32 Million From Binance, OKEx, Others
Credits: Cointelegraph
Well I have some questions from the Korean People, what they know about this particular investment, this particular new initiative because we want to know whether is something that we should be looking into a little bit more.
Binance labs is investing in it, and you know Binance, they like to lead and it's a Korean company. Those Koreans do really good job guys.
In this high volatile crypto market, we do need a Stablecoin, but then again I think it would be hard to collect high earnings from a Stablecoin because of the stable price and very little or zero fluctuations, and as you may have heard that, the more the risk is involved, there is a high chance of making good profits and vice versa.
But yeah I think Stablecoin is good for investors who want to invest with a very risk involved.
Let me know your thoughts on this new idea, this new Stablecoin thing.
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Interesting thought. I would prefer a gold back crypto than a fiat backed crypto. Fiat = 0 value.
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