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.
I think this topic has been discussed a lot of time and what members could do is to use the forum search tool to have a look at such topics and we will possibly see less of the repeated ones.The a answer is still the same that crypto can't replace fiat so easily as will government allow the legal tender to disappear and people lose faith in it so easily? I am not in favour of fiat myself also but still there is lot of time for this to happen in reality and till the time they can be used alternatively with more and more accepting them.
Yes, this silly talk about the possible replacement of fiat with cryptocurrency has been going on for several years now. So far we have not seen any prerequisites for this. These are just the fantasies of people who have little idea of how the state and its economy work. Such a replacement is not even possible in principle and never. Even if it were possible, states will never allow it.