Obyte seems to have all the features to create a stablecoin with collateralized debt positions like Maker DAO:
* define asset with no cap - check
* issue new tokens to asset - check
* burn tokens by sending back to definer - check
* price feed oracle - check
* create smart-contracts with Bytes as collateral - check
* add trusted liquidator to smart-contract - check

Centralized stablecoin like Tether that has USD as collateral is even easier to do and has already done before with Obyte. The most easiest would be to create a elastic supply stable coin on Obyte, but I guess nobody believes in those anymore.

So, the tools are there, just needs somebody who wants to build a product like that with Obyte toolbox.