I am not talking about people in United States or European countries that are spending Euro, or UK or countries like Kuwait, South Korea or Japan that their currency are not inflationary like the local currencies in countries in Africa, South America, Asia or some countries like Turkey.
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.
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.
This is a good question. Let's say your are in Zimbabwe. They were printing 100 trillion dollar notes.
They are now officially using the USD. If I lived there I would turn my btc to usd and some yuan as they accept that if you trade with china . I do purchase direct from china.
here is a ccn article on inflation and Zimbabwe
https://www.cnn.com/2016/05/06/africa/zimbabwe-trillion-dollar-note/index.htmlit mentions they use USD now but will use a few other money units.
"What do the U.S. dollar, South African rand, the British pound, Indian rupee, Japanese yen and Chinese yuan have in common?
They are among the currencies being used in Zimbabwe as a solution to the country’s problems with hyperinflation"
quotes are from the article.