I’ve been thinking about how stablecoins like USDT and USDC, are everywhere in crypto. They're basically fiat, mostly the dollar, inside a system that’s supposed to be decentralized and free from government control.
To me, that kind of holds Bitcoin back from becoming an alternative to fiat. What do you guys think? Does the dollar’s presence in crypto hurt more than help? I feel like it should be the opposite, Bitcoin taking over in a fiat-dominated world.
Exactly: they are basically fiat. What is the point? And they are only "stable" in fiat terms. In bitcoin (or gold/silver etc) terms they will be losing purchasing power at the rate of inflation.