There are various reasons for using Bitcoin now but the reason it was created is as an electronic Cash for making online payments (based on its Whitepaper). Bitcoin works well as a means of payment but the volatility is still something. So I have been wondering why bitcoin was not created as a Stable coin?
Bitcoin na alternative to fiat oh, so if to say oga Satoshi create am as stable coin, Bitcoin for they backed by another currency, and e no go too make sense. Stable coins no just they "stable", them they as stable as the currency wey them they backed under, so if the currency get better problem, the stable coin go get wahala too. If to say Bitcoin na stable coin e no go fit be alternative currency, e go just be the same as the currency wey e they backed under.
Within una dey talk self? Just because a currency is a stablecoin no mean say e dey centralized
Most stable coins dey centralized na, and na private companies they issue them, still they hold their reserve in the currency wey the stable coins they backed under, if stable coin they backed by fiat e must be centralized, but e get some stable coins wey they backed by other crypto them, na those ones fit dey decentralized, but how many them be kwanu.