Stable coins are nothing but scam coins, centralized coins are what people refer to as stable coins which
Are nothing but scam mate, exchanges make their own centralized coins to do exactly what you intend to
Do, to take money from people and giving them something with no value, true value is what Bitcoin has
Not the stable coins like what you mentioned. using Bitcoin as collateral is not a wise decision to make.
The value of Bitcoin or what people are used to call it as the price is not stable in a manner to make it
Feasible for a long term contract. maybe if the borrower could consent to have his or her fiat based money
Change value as the price of Bitcoins held in a collateral contract to also change value, yes of course
That could work.