I think we don't need too many decentralized stablecoins right now, we just need a lot of competing stablecoins to thrive.
Because developing a decentralized stablecoin is difficult, and getting users is another particularly difficult challenge. Therefore, the development of competition between decentralized stablecoins will help the reputation of businesses increase. All of them have to try to do the best they can to serve users to gain a higher market share and from there they will be profitable in the business. Do you think this is a better plan?