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? Your input will be greatly appreciated.
Yep, they comply with regulations , but you’re forgetting that they are not owned by the government rather they are owned by individuals, and of course I know that there are stable coins that are decentralized, those ones as well does not belong to the governments.
Now let me tell you why none of them are going to be replacing fiat; the ones that are centralized and owned by individuals, since they are not owned by the government and are owned by individuals, government is not going to be accepting them as a replacement for fiat, so they are just going to be doing what they are best known for which is trading.
Then as for those stable coins that are decentralized the government wouldn’t accept them because they cannot have control over these ones. So if there is going to be anything replacing the money we are making use of right now it is going to be coming from the government’s central bank.