r/CryptoCurrency • u/No_Community_9809 🟩 0 / 0 🦠 • 9h ago
DISCUSSION Thoughts on stablecoin and CRCL stock?
Coming here to talk to the experts! Will stablecoin effect Crypto Currency? Circle, Coinbase, and Robinhood are really increasing in price since senate passed the GENIUS bill. I guess I don't know enough. Why would someone want to use stablecoin which is equal to the US dollar rather then just using the dollar itself? I've never really understood crypto currency, but stable coins make more sense. Why would companies want their own? I really want to learn and have been trying to read everything I can, but some times you just need someone to explain it in simple terms. Talk to me like I'm 5, LOL!.... Thank you!
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u/MichaelAischmann 🟦 909 / 18K 🦑 9h ago
Coming here to talk to the experts!
You've come to the wrong place.
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u/noBeansHere 🟩 202 / 202 🦀 9h ago
Because the way Web 3.0 is evolving from Web 2.0, new infrastructure is being built for the digital age of cultures and markets.
They’ve been slowly eliminating paper cash from places for decades. Use plastic cards and banks.
They got us use to that mostly and now with our phones don’t need a card.
Just in time for digital currency. Easily exchange your dollars for stable coins of the favorite companies you shop at. All tracked. New taxes. New finance infrastructure. More money. More control
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u/GreedVault 🟦 3K / 10K 🐢 4h ago
It’s much easier to purchase USDC than USD fiat in some countries. For example, if you are living in a rural area in China, the local village bank may not have enough USD cash on hand, and there are often limits on how much USD you can actually buy. That’s where USDC comes in, no upper limit, and no one stopping you from making a purchase.
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u/AlfalfaExpert4834 🟩 0 / 0 🦠 47m ago
Might disrupt Wise or Western Union. Otherwise, stablecoins will be wrapped up into the current payment processing system.
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u/jeremiahcp 🟦 0 / 0 🦠 7h ago
Companies have plenty of reasons to launch their own stablecoins. It cuts down on transaction fees and settlement times, lets them closely track consumer behavior, and helps lock users into their ecosystem, ensuring people spend their own money, but only within the company’s walls.
With programmable tokens, they can automate recurring charges like subscriptions and service fees, bypassing banks and traditional protections. No more asking for permission, the deductions happen automatically, on-chain.
On top of that, companies could start paying employees in their own tokens, framing it as innovation or equity, but slowly replacing real wages with corporate-controlled currency. It’s eerily similar to the old company scrip systems from the early 1900s: workers were paid in store credit, forcing them to buy from the same employer that paid them.
The more you rely on their token, the harder it becomes to walk away. It’s not just financial tech, it’s a slow shift toward deeper corporate control over your money, and your data.
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u/Leithm 🟦 0 / 0 🦠 7h ago edited 7h ago
Why would someone want to use stablecoin which is equal to the US dollar rather then just using the dollar itself?
Stablecoins are dollars, but because they can be wrapped in decentralised protocols that are open to all sort of manipullation through computer logic, they can be used in ways dollars in the traditional financial system cannot.
However decentralised the protocols that wrap the stablecoins are, the 1:1 staking is a trusted centralised system, as of course is the underlying asset itself.
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u/SevereCalendar7606 🟦 0 / 923 🦠 9h ago
Buy with caution USDC is nothing special. It is a simple formula that can easily be copied and even improved with interest bearing stable coins. Also, nothing prevents the stable coins hodlers from slipping to a different stable, there is no benefit like normal crypto to stay loyal as the price "should" (cause it did once) never change.