Public chain with 'Bitcoin or ETH'(which price will keep going high) can support its ecosystem business going scale, Clearly the costs to the DAPP developer and the customers is going high along with.
Maybe every public chain without a stable coin will vanish eventually. Any ideas my friend?
Stablecoins serve very useful purposes. They help traders or crypto users escape volatility . They don't necessarily have to be backed by fiat currencies. They can be backed by lots of stable but "decentralized" things.
I think it's important to have stablecoin on Blockchains especially if there are demands for them.
I guess a cryptocoin can be algorithmically controlled to behave more better than stablecoin and typical cryptocoins in the area of price. It could be controlled to move up or down gradually. If this is achieved, stablecoin probably wouldn't be necessary