That is what I mean - when the stable coin getting unstable, bitcoin getting more stable, why this happening?
it is mostly a coincidence. bitcoin had a certain trend. look at 2013 till 2015 as a trend that is already over. the price shoot up to a bubble by the end of 2013 then the bubble burst and price came down. a bear market started and finally came to an end. in 2015 (end of bear market of that time) price became stable and that lasted a couple of months. Tether wasn't having troubles back then. it wasn't even that big.
same is now. it is the trend that bitcoin is on which made it stable. it is one of the stages! it has nothing to do with Tether.
It is a coincidence, but why most of people who cash out their USDT to bitcoin, I do not think the coincidence can explain it.
I did not mean bitcoin is a stable coin for now, but it started to show to us there is a potential to be a stable coin and it is not important at all that we read from the past record as it is still in an early stage and only recognized by people in cryptocurrecy sector. Their fluctuation in the past leads to the birth of USDT。
You think Tether has no trouble, but I guess the root of it is not solid enough to last for another 10 years, it is only because they have first mover advantage & their market share over 92% and its competitors still too small, none of them can replace it in a very short time.
Also I guess main economy bodies are planning their own digital currency backed by national credit, like USA & China, which will be the mainstream in a long time, but they are still national & under regulations (maybe USA digital currency will be global, but still under regulations), then there is one opportunity coming for bitcoin.
Not sure if you already know that VISA's new credit card can be used for bitcoin payment, that is a good start & smart companies are embracing bitcoin to help them as one powerful tool to defeat their enemies with the popular use of bitcoin in our daily life.
Stable coin is a definition for one coin which can prevent people's asset from loss when something big or negative effect happens. I do not believe those coins like USDT will inherently be a stable coin, they were manipulated by a company, also it is not possible for any one company to support the world class stable coin volume.
From this perspective, I rather believe bitcoin will be a universally accepted stable coin in the world when it is getting acquainted by everyone on the earth.
that is not a wrong definition. but as i said price being stable doesn't make it a "stable-coin" because that term is usually used for certain coins like Tether which are pegged.