You all might be knowing that Steam used to accept payments in bitcoin through BitPay, but they abruptly stopped it stating the price volatility of bitcoin to be the issue.
Stablecoins eliminates this very issue, could this encourage Steam or other companies like Amazon,etc. to start incorporating cryptocurrencies into their payment systems.
Is it possible some stablecoin might outperform bitcoin regarding this?
But that is not really the reason why we have stable coins, bitcoin was actually created with the intention of being a currency used to pay for all kind of products, it is just that the adoption level has not reached the level where we can use it to buy everything that we want, stable coins were created with a very different objective in mind, they were created to allow investors to protect themselves from the volatility of this market.
That is it, they perform their function really well and it allows you to get a coin that behaves like fiat without having to deposit that money in a bank account, but stable coins will never be used massively as no one is using them to buy anything.