Currently, there are many usd-based stablecoins such as, usdt, busd, usdc and maybe many others. To be honest, I used to think that crypto would completely eliminate the usd's dominance of the world economy but I was wrong, it turns out that usd is now evolving to crypto (stablecoins). What do you think, whether in the future bitcoin or other crypto can replace the role of currency in each country and leave fiat currencies such as usd, euro, yuan and others.
Fiat wont be gone.Period.
We arent talking about which coin would be gone and which coin would remain yet basically these two things would simply exist on this market and would serve out different purpose.
Decentralized vs Centralized and at least people do have their own choice on which one they would tend to engage on.Role of fiat would exist and stay no matter what as long
government exist then they cant just let things like that to happen.It is impossible even into my own dreams so better cross out this possibility.
Exactly. As long as the government still backed fiat, then it will have no chances for crypto to dethrone it. IMO, instead of wishing fiat to be replace by crypto, why don't we'll just hope for them both. I think it will be of great advantage for crypto and fiat enthusiasts that they will no longer choose which one to use because they are free to use both. We always dream of bitcoin to be a good currency in the future, yes it will surely happen but hoping beyond that is already a fantasy. I mean let's be practical here. No matter how high the price of bitcoin or even how many countries will backed bitcoin, as long as it remains to be decentralized, then it will never be accepted by the government.