why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.
For a trader, stable coin is much needed because after all, profit is the only thing which is considered by a trader. Imagine, I have bought 1 BTC @$4k and current price is @$10k. I have $6k profit if I sell instantly but since BTC is highly volatile and not every country has btc/fiat optio,, we can alternately use stable coin to keep the profit. That's why stable coin is required but I think we have enough stable coin in the market and we don't need further.