03-17-2022, 05:44 PM
If crypto payments do indeed go mainstream, stablecoins will most likely dominate no
<!-- SC_OFF --><div class="md"><p>The mains reason is that major retail companies HATE volatility and always opt stability.</p> <p>And stablecoins being, well… stable, will be a much more likely choice for retail companies to go for.</p> <p>I don’t think it would look good for a company to lose 50% of its revenue’s value in a matter of a couple months.</p> <p>Still, I don’t think they’ll go with USDT considering all the controversy surrounding Tether so the most likely candidates would be other 1:1 backed stablecoins like USDC, EURST and UST which are all audited unlike USDT.</p> <p>BTC, ETH, DOGE and other popular coins might be symbolically good payments but they probably wont fait well in real practice.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Mandrake_m2"> /u/Mandrake_m2 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tfx25h/if_crypto_payments_do_indeed_go_mainstream/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tfx25h/if_crypto_payments_do_indeed_go_mainstream/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>The mains reason is that major retail companies HATE volatility and always opt stability.</p> <p>And stablecoins being, well… stable, will be a much more likely choice for retail companies to go for.</p> <p>I don’t think it would look good for a company to lose 50% of its revenue’s value in a matter of a couple months.</p> <p>Still, I don’t think they’ll go with USDT considering all the controversy surrounding Tether so the most likely candidates would be other 1:1 backed stablecoins like USDC, EURST and UST which are all audited unlike USDT.</p> <p>BTC, ETH, DOGE and other popular coins might be symbolically good payments but they probably wont fait well in real practice.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Mandrake_m2"> /u/Mandrake_m2 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tfx25h/if_crypto_payments_do_indeed_go_mainstream/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tfx25h/if_crypto_payments_do_indeed_go_mainstream/">[comments]</a></span>Kind Regards R