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The Stablecoin Market: It Will 100x by taskmaster4450

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hive-167922 · @taskmaster4450 ·
$20.04
The Stablecoin Market: It Will 100x
<center>

[![](https://ipfs-3speak.b-cdn.net/ipfs/bafybeici346ruxtxpimzslgzureibzwl5tcqbfazk3gzaeg5hulh6cnety/)](https://3speak.tv/watch?v=taskmaster4450/lwwkafii)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=taskmaster4450/lwwkafii)

</center>

---

The stablecoin market will 100x.  We are going to see tens or trillions of dollars in stablecoins produced.  The is simply because the world needs the money.

In this video I discuss how PayPal is the first of what will be many financial institutions that start their own stablecoins.  While most will be asset backed and in comlinance, the real fun will come from the algorithmic stablecoins.

---

▶️ [3Speak](https://3speak.tv/watch?v=taskmaster4450/lwwkafii)
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vote details (460)
@ai-summaries · 
**Summary:**
In this video, Task discusses the potential growth of stablecoins in the cryptocurrency market. He predicts that stablecoins will become the preferred medium of exchange due to their price stability, contrasting them with the volatility of traditional cryptocurrencies like Bitcoin and Ethereum. Task emphasizes the importance of stablecoins for commerce and foresees a significant increase in their adoption by financial institutions and corporations, including tech giants like Visa, PayPal, and possibly even Facebook. He also highlights concerns about counterparty risks associated with stablecoins tied to centralized entities like PayPal, advocating for the emergence of algorithmic stablecoins on decentralized blockchains with minimal counterparty risks.

**Detailed Analysis:**
Task delves into the stablecoin market, asserting his belief that it will experience substantial growth, possibly reaching tens of trillions of dollars. He argues that stablecoins will supplant traditional cryptocurrencies like Bitcoin and Ethereum as the preferred medium of exchange due to their price stability, essential for fostering commerce and trade. He highlights the inadequacies of Bitcoin and Ethereum in terms of price stability, emphasizing the risks posed by their volatility.

Moreover, Task anticipates a surge in the adoption of stablecoins by various entities, including financial institutions, corporations, and tech giants like Visa, PayPal, and potentially even Facebook. He envisions a future where multiple networks have their own stablecoins or collaborate with existing ones. Task points out that stablecoins will play a vital role in decentralized finance (DeFi) and predicts a proliferation of stablecoin usage in commerce and financial transactions.

Task expresses concerns about counterparty risks associated with stablecoins connected to centralized entities like PayPal. He suggests that the emergence of algorithmic stablecoins on decentralized blockchains could offer a solution with minimal counterparty risks. He foresees the development of an array of products on top of these algorithmic stablecoins that could enhance their sustainability compared to offerings from platforms like PayPal.

In conclusion, Task underscores the trust factor associated with stablecoins tied to centralized entities and proposes algorithmic stablecoins on decentralized blockchains as a safer alternative. He advocates for the utilization of apps that access these blockchain-based solutions, highlighting the ongoing development of open-source wallets and the growing ecosystem of decentralized applications in this space.

---

*Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.*
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@edicted · 
And then it will vanish when crypto can create elastic high-liquidity systems that are superior to fiat in every way.   
Of course that's when the real war starts.
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@taskmaster4450le ·
$0.02
You are still going to need a unit of account.  The future is algos in my view but the system will keep pushing for asset backed.
👍  , , , ,
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vote details (5)
@edicted · 
#### There's nothing special about fiat currency that crypto can't do better. 
The one advantage fiat had was taking a physical form, which ironically they are trying to take away. 

Crypto can be a better unit of account than fiat without the need to piggyback using stable coins or other derivative assets. Of course this idea is way ahead of its time considering no one in crypto is even talking about solving it, let alone trying to solve it.
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@pele23 ·
$0.03
If HBD wants a piece of that cake, it needs more stability. Sometimes it hovers near 92 cents. That’s just not attractive for investors…
It bothers me!
👍  
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vote details (1)
@preparedwombat · 
HBD Stabilizer has been doing a fairly good job lately. At least according to coingecko.com, over the last 12 months it’s been no lower than $0.93 and no higher than $1.12 so not perfect but much better than it was a few years ago. The chart does not seem to show evidence of 92 cent hovering. If anything, it shows a lot of hovering around $1.
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@pele23 · 
Still, that is exactly what I am talking about. We should not be content with such numbers. It needs to be better, in my humble opinion.
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@taskmaster4450le · 
To start, that comes with size.  

But to your point, HBD is always converted for $1 worth of $HIVE.

And you are looking at the price on places like coingecko.  That isnt always accurate.
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@tuisada · 
!PGM
!ALIVE
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@pgm-curator · 
<center>Sent 0.1 PGM - 0.1 LVL- 1 STARBITS  - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS - 0.01 WOO - 0.005 SCRAP tokens </center>

<center><sub>remaining commands 3</sub></center>


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The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards! 

![image.png](https://files.peakd.com/file/peakd-hive/zottone444/23t7AyKqAfdxKEJPQrpePMW15BCPhbyrf5VoHWxhBFcEcPLjDUVVQAh9ZAopbmoJDekS6.png)
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<sub>I'm a bot, if you want a hand ask @ zottone444</sub>

***
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@youarealive · 
<center><p>@taskmaster4450! <b>You Are Alive</b> so I just staked 0.1 <b>$ALIVE</b> to your account on behalf of @ tuisada. <sub>(2/10)</sub></p>
<p>The tip has been paid for by the <a href="https://www.wearealiveand.social/">We Are Alive Tribe</a> through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day. <br /> <img src="https://i.imgur.com/p2WXJLn.png"></p></center>
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