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.
What even makes you think that such thing is going to be happening? There is only one top stable coin that I know of is decentralized and that is DAI, the rest are centralized and owned by people. So, what makes you think that the government will be adopting a currency that is owned by individuals and living things that has to do with the finance in the hands of ordinary individuals? That’s the same thing that happened with Facebook Libra and the reason they were stopped. If the government wants a stablecoin they are going to create their own and not adopt anything.