Let's discuss the potential effects of stable coins which are bound to usd or eur. We usually use them to avoid the volatility or short bitcoin in a way. There are many stable coins in the last year. By writing threat, I didn't mean issues like tether's issue. I mean, they are not coins, they are just usd and eur.
Most stable coins are not decentralized and people understand those, this is one of the reasons that will make people to easily choose it over bitcoin and if you look at stable coins, they are pegged to dollar or euro which make them not to have additional benefits for using them or holding them, and truth be told, people wants what will give them additional benefit which we know that the increase they get in using them is the additional benefit here, of which use will stable coin be to me when they act just like fiat.
With all these functions of stable coin that is stated, do you know that I have never even for once use stable coin before? and most of the payment I have even received from companies in cryptocurrency has all been bitcoin, so with the existence of stable coins people still hold bitcoin far more than that hold all these so called stable coins.