I agree with that. But this status quo is telling and it’s not going to change anytime soon. It’s like PC vs MAC. I mean if Nash wants to take some market share it’s a share of BTC/USDC volume (only $266 million) not BTC/USDT ($19 billion). Am I wrong @canesin?
I see it as discussion between two hypothesis:
- “USDT causes trading volume (liquidity) on an exchange”
- “Stable Coins causes trading volume (liquidity) on an exchange”
For myself I’m going with the second one. Stable Coins are used as tool from an exchange an the traders. For them it doesn’t matter if it is called USDT, USDC, apple, banana or any other word you can think about. The important thing is that the coin keeps his value at the same level and that there are enough coins for liquid markets.
This picture is from coinmarketcap about the liquidity of a well known exchange. As you can see USDC/USDT pairing is the most liquid pair over there. It has four times the liquidity of the BTC/USDT pairing.
I guess that is quite enough to support an healthy growth of the nash environment.
This is a whole new topic u guys started here
Even though I don’t share your standpoint on Tether, I do find this a good question. Maybe not for now, but if this will be supported in the future then it is interesting to know because we might miss out on fees.
Not saying I’d want Nash’s Twitter handle to be commenting around like this, but I gotta admit this is well played
Yes I like that…they are omnipresent. Making sure nobody forgets Binance. It actually worked. I have some coins left on Binance which I started trading with stable coin etc.
I just cant do that on Nash yet…they also have some promising coins that get 50% to 100% gains. Nash needs to step up their game in 2020
Every company has its own style. They just need to find theirs. Maybe they’re more confortable with a “less bling bling more actual progress” - in other word “slow and steady, keep my promises” - style.
Users will eventually recognize true progress and usability and come to Nash, provided the team delivers of course.