The people in countries that have high inflation rate prefer to save foreign currencies like United States dollar. Stable coin was created and most people from these high inflation countries prefer to save stable coins.
My country is going through such a dire situation. Our national currency is down so much in these 3 years and most of rich people are saving USD for better return because increase in inflation will not affect these as inflation has direct impact on national currency, the more inflation mean our currency price down and USD value increased.
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
$0.01186444 Money in the banks are not complete control because if the country defaults then bank will freeze all funds and no one could get own fund holds in banks. In case of banks fail we could also experience delay of our payment. In 2023 silicone valley and some other banks also collapsed so it's not true that we have full control only in banks. Banks data are noticed by authority and if they don't know about your online earning, they will open money laundering case against you.
If 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.
I think the most safe is to convert your Btc to USD and keep in home despite of bank or other alternative is to buy gold. This is only if you want to sell btc otherwise btc is better ways to hold for more profit