I would probably prefer THAT than a CBDC directly controlled, and minted by a government entity. Because with stablecoins minted and distributed by a business/private entity, it's actually the denationalization of money as envisioned by F.A. Hayek WHICH could be better.
F.A. Hayek said - Government monopoly over money mainly leads to instability because of incompetence, and mismanagement. The solution is to let "private currencies", like business-entity issued stablecoins, to compete, to encourage stability and innovation.
Stable coins are not safe as your capital storage. They can be minted by stable coin companies and you can not know surely about their assets used to back their minted stable coins.
Stable coins can depeg, it's big threat of your fund that can lose its value with stable coin depeg and death spiral like Terra UST stable coin three years ago.
Stable coins in your own wallet, can be frozen, and it's another horrible threat.
Stable coins: a deep dive into valuation and depegging.PSA: Most Stablecoins Can Be Frozen, Even in Your Own WalletsStable coins and blacklists.Get the ACTUAL context ser. I never said it's perfect. Between an Economy run by a programmable CBDC that's directly under the control of a government entity or stablecoins minted by different private/business entities, I would choose a world where there's a DENATIONALIZATION of money.
But OK, I respect your opinion if you choose CBDC between the two. But I will never agree with that.