...This makes me wonder, will stablecoins replace Fiat currencies in the future? If not, why? Is there a possibility governments will adopt stablecoins as their own instead of launching digital currencies from scratch?...
I am sure that the government will issue its own national digital currency, instead of using the already functioning stablecoins. Centralization has many advantages for the government, and the main reason that governments will use CBDC is that it will allow emission control.