If you have your money in banks, you do jot have the complete control. If you save stable coins, most of them are centralized and you do not have complete control and they can fall out of peg and be lesser than the money they are pegged with they become. Example of the pegged coin was Terra Classic USD (UST) which was $1 before but now
$0.01186444If bitcoin price have increased, I can decide to convert some to USD or stable coin. Which one is better? Or is there other alternative which can be comparable with bitcoin in a way it would be independent and having full control characteristic.
In my opinion it doesn’t really make sense to hold USD alone in your bank account. Maybe it's better than your local Fiat money, but it's still only cash that is not going to produce any real returns while the interest rate is likely below the inflation rate. With inflation rates in the USA of 3-5% we need to make some kind of return with our USD holdings to not lose value in the long run. So, comparing stable coins to holding USD cash might offer advantages for more quickly converting it into other crypto currencies, but we still have the same issue of making no real returns in the meantime. When willing to take at least some risk, we could be buying government or corporate bonds with our Dollar money and make at least some returns. It all depends on how long you are planning to keep the money not invested. If it's only a few weeks then I think stable coins are a good alternative. In case you plan to keep the money in stable coins for several months, then I think buying US Dollars directly and investing it in US assets might be a better approach. The whole issue of stable coins turning out to be scams is of course another security concern where we need to keep an eye on