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Is it possible that if cryptocurrency gets accepted all over the country, tether or any other stable coin will start creating stable coin for all the currency available in the world? I think they will go for that and create money out of thin air. What do you think? Will tether do that ever in the future once crypto goes more mainstream? Or govt themselves will create their own currency at the end?
PS- Self-moderated thread to prevent spam.

I think stablecoin for every country is a good idea. They all need to be decentralized stablecoin though, so we don't have the problem of abuse like we have on centralized/fiat currencies today.
Current government controlled stable currencies are less transparent and prone to abuses. The public don't know how these currencies are run. While their decentralized versions are more transparent and less prone to abuse. The public knows exactly how they are run

If it's decentralized, that means no one can interfere or manipulate. So, the price theory of stable coin will not exist, in fact, a decentralized coin can't be stablecoin. To keep the price stable, you need to have access to the coin chain which is referring to centralization.
I think it's not a good idea to have stable coin but I was focusing if tether or other stable coins are thinking of doing this in the future. If so, they are going to make fool a lot of people and make hell lot of money out of thin air.

You can create as many stablecoins as you like and "create money out of thin air" who will be stupid enough to have any money there if it devalues at x %  per year. If anyone likes it or not Bitcoin will cut new coin creation in halve ever 4 years. After next halving 1.6% of total coins will be created per year. If anyone creates more than 1.6% money out of thin air, move it to bitcoin, simple. 4 years later the new mark is 0.8%.....  
Smart investor will try to maintain as much purchasing power as possible. US Dollar is a better choice as Venezuelan Bolivar and Bitcoin in the past "only" inflating at 2.3% in 2019 Bitcoin created 3.23% of the 21M total in 2019 it will be somewhere around 2.15% in 2020

Some Inflation figures for 2019 (average 3.6% of whole world)
Iran 31%
China 2.4%
Australia 1.8%
Brazil 3.5%
Russia 3.5%
Saudi Arabia 2.2%
Sudan 62%
South Africa 5.2%
Turkey 12.6%
Venezuela 500000%
Japan 1.3%
Germany 1.7%
UK 1.9%
Spain 1%
Sweden 1.5%
Ukraine 5.9%
Poland 3.5%
.....

Do you mean everh country has thier own crypto currency same thing as fiat?
Yes its possible to happen but they need to study first if this things will work and how secured it is, because they will make a money they need to be advance for the consecquences and possible problem they will get before creating thier own.

Damn , that might happen, just out of greed tho yupp :(
i dont think they could back them all tho?   im betting 90% of countries and banks are running a fractional reserve, they COULDNT make a stablecoin
unless they bullshitted it being 100% backed i suppose? hmmm...
i hope to see a government do it yupp, the canadian gov was gonna do a crypto TWICE, but their main reason for not the first time was "it lacks consumer protection" and the second time "fiat remittance between different currencies was too complicated" :(    would be awesome tho imo

As you already know, stable coins are basically based on reserving real money. At least that's what it should be. This way 1 stable coin = 1 $ (or a different coin). But not every stable coin works this way.
For example, DAI is a stable coin, but DAI is not equal to $ 1 by any mechanism. The market itself is expected to stabilize.

This way, I don't think there is a need to issue 1 stable coin for each currency. Each country will find its value against the USD in its own dynamics. However, if desired, 1 token can be generated for each currency. At Waves, there was a work in this direction for a while.

The realization is still too far for stable coins in each country, because not everyone in the government wants decentralization, so something transparent. People from banking and influential people in government who are cons to the crypto industry are also very opposed to this, surely they will do anything to keep the business going.

Your post doesn't make any sense, how will tether create other stable coins? please kindly find time to do research more on tether and know how it was created, the only thing that I know will work out on governments part is Central bank digital currency and yes they will be stable coins

If you talking about the digital version of the worlds fiat currency, I think it is not making money out of thin air usually if the stable coin came from any countries central bank I'm sure that it was back or pegged for the countries local fiat currency, while in the cryptocurrency stable coin like Tether, Pax, USDC, etc. most of them were pegged to US$ dollar but I'm not sure if that coin that minted was backed with a dollar in 1-1 bases.

Tether dont create tokens out of thin air. Central banks does that. Tether take those USD that central banks creates from thin air and store them safely when they create stable coin tokens.

The stable currency for all currencies is the currency that everyone can use to pay and all countries regulate and recognize their value.  It is difficult to create such a currency because the biggest problem is who will issue the currency and based on what criteria to determine the value.  Which countries have to use this currency to be obligated to prove assets or have a certificate to use this currency?  This is a very difficult and difficult problem.  I think it will take many years for the world to create such a currency.

It all depends on the regulation of that country.

If they can accept the payment system using other currency in their country, should be no problem and someone must be responsible for the currency it's self because the government also thinking about consumer protection. In my country, even USD cant be used as the transaction payment all the transactions should be used the currency from my country the solution on this problem only can be used a third parties apps who have integration transactions directly to my local currency for the output transaction. Need thinking about the regulation/laws on those countries first, before transaction using other currency.

Will that make any sense if all coin have stable coin? I feel it will be a means of have too many other shit coin and even more scam projects. There are too many projects already which now makes it difficult to know the real ones. Greed is really setting into the game. This was not the reason for Crypto initially.

Someone has opinion that it is useless to have backed cryptocurrencies, that it doesn't solve anything. For me ot is a way how to store it on your person wallet without having a bank account. :)

I think every government eventually has plans to create a separate digital currency under their control. Money/finance is the important way in which a government wields control over it's citizens and I don't think a government will be willing to hand over that control to normal people . We will see this happen.

Stable coins are playing key roles in cryptomarket especially during bearish season and i think it is not possible yet that these stable coins used worldwide . It will take time.

I dont think even tether wants that to happen. I doubt that this will be supported my many crypto enthusiasts. Tether is one of the crypto that hasnt much reliable when in terms of trust. We all know that it is a solution for continuously inflation and volatility that is happening in the crypto space right.


Agree with this. Maybe not feasible at all and not just too far IMO. Tether is useful but not in the league where they will be the sole stablecoin around the world.

maybe if all countries in the world have accepted cryptocurrency, each country will make its own stable coins, in my country it is also twlah making our currency stable coins.
so it is not impossible the government will take part in this, if indeed this is booming in the future.

Stable coin is a great idea for adoption but it is really exciting if it can be achieved in a decentralized process.
Only one project has achieved something like this. I would say it reduces wild fluctuations but no precisely a stable coin

Stable coins backing all countries currency will work as we think, this is the best thing that will happen about digital currencies adoption and coins like Bitcoin and altcoins won't be used as money because they are volatile, I hope people start seeing things this way

It will be the task of every country to make their own stable coin if they wish to get in to cryptocurrency. Tether will be out of their choice because it's still unknown if it can really prove the back up that it has with dollar.

China and Japan I think is trying to do it soon.

But if we have all the countries to own their stable coin, this is just a digital currency and upgraded version of fiat unless they will allow it to be pairs in different exchanges.

stable coins are a certainty a brake on inflation, a safe exit from day trading, all altcoins should be guaranteed by a stablecoin or vice versa, and I am sure that their introduction in everyday use will take place before that of altcoins traditional...

Stable coin is possible to happen if a particular country will develop their own digital currency that is being used all of the citizen. It is way better and faster to use and the adoption to digital currency is easy on them.
Indeed, there are government who really recognize the goodness of digital currency, there is not doubt if they developed a new one and regulate on their own and they can give some taxes to that.
Definitely, it is an awesome idea to do adoption to a particular country as long as the government is involved and they are regulating to the citizens who are using it.

You have not heard of Tether obviously. There are so many stablecoins already in the world and USDT is the one used on every single exchange that you and me can access.

That is the state of the normal fiat too! US dollar used almost everywhere in the world so stablecoins reflect exactly the currency they represent,,, at least to me.

Stable-coins pegged to a fiat curency is not going to solve the world economic and social problems. The governments will still print money on-demand. Stable coins are pretty much like using electronic currency through the bank, only it is more decentralized.

I think the world is moving towards cashless money system and also towards stablecoin based digital currencies but personally i think that we do not need so many stablecoins or we can say that there is no meed for stablecoins for every traditional currency. I think we need only 1 stablecoin and that should be accepted globally without any issue.

The global currency is USD all international fiat transactions are made using USD. When you create a stable coin you peg it to a fiat currency which is internationally accepted and doest not have a fluctuating rate. I do not think it is possible to create a stable coin for each currency as it might be accepted locally but not globally.

This is how you can create a lot of stable coins for the dollar. And these coins will continue to strengthen the dollar used by the whole world.

If Stable coin is created for all currency and nations of the world, my question here is how will consuming corrupt nations maintain the standard of their currency to keep off inflation.

I don't get it. What's the point of having every currency pegged to tokens? We already have usd and gold pegged tokens that are pretty stable and we can use them if we want less fluctuation, but introducing it to other less stable currencies with uncertain future would just create more fluctuation and that's exactly what stablecoins are avoiding.

I think it is possible that all countries over the world hold Tether since it is reflecting the dollar itself. Moreover, Tether has a quite stable value that most countries require for a safe currency. But I think some countries will also try to have their own digital currency if cryptocurrency becomes mainstream in the future.

If they'll create out of thin air then they'll be like our corrupt banking system,.. I said no, not gonna happen as long as the control is on the government, when we speak of stable and centralized currency, that function is done best by the government.

Government could create own currency but you can't call it cryptocurrency. Digital currency already available in several country. Next situation is about stable coin, why any government could do that where government can't control it or monitoring it. Almost 6-7 stablecoin already exists in cryptocurrency but any coin couldn't put control on government.

I think that it is possible that each country will be able to create its own national cryptocurrency, which will be supported by real fiat money.  But there is a very big problem, because of which the value of this cryptocurrency will be a big question.  If the government always uses manipulations in the state financial system, printing new money, and the cryptocurrency must have a certain amount of its coins, then the national cryptocurrency will lose value Not because of poor demand in the cryptocurrency market, but because of poor indicators of the value of the national currency  .

I think in the end the government will issue the stable coin because the government would want security for its citizens from scam coins and protect the stable coins with laws so that the era of digital currencies will begin
and there is also the possibility that a bank will launch a stable coin
this is just my opinion

This might not make the crytocurrencies work along with the centralized currencies. This would always be a major drawback. If we ever want stable coins which could be similar to various centralized coins than we would need to copy the centralized financial monetary system and build various stable coin onto that system which might than keep the price for each stable coin and the centralized currency equal which is needed into the crypto space.

This might majority of times fail but considering some major changes we might soon see it possibly happen. USDT is an live example for this concept and I am sure that there would be a lot of such stable coins in the future.

Your question is quite funny, tether can't be creating stable coin for all the currencies in the world. It would interest you to know that we have several stable coin in the cryptocurrency space, though tether is the most popular. Any country can choose to digitize their national currency and they could do that without the assistance of any project including tether.

Why would we need a number of stable coins over here? We already have some which are enough I guess. We crypto enthusiasts need coins having high volatility which would allow us to make enormous profits in minimum times. Such stable coins might only be useful to cash-out funds or shift onto some other coin but when it comes to trading, it would never be worth trading with these stable coins.

This coins would be best if ever the government launches them but they might not really gain that demand if they are been launched in the decentralized space. We need highly volatile coins and not stable coins. Forex trading is always a option if you ever like stable coins.

I believe that the government will make their cryptocurrency at the end, just like China. however, I don't think they will let a company like USDT take control of the city. if the world starts to see cryptocurrency as a very good alternative, then the government needs to make its own crypto to meet people's needs. I am not sure that the government will recognize a stable coin beyond their control.

I personally predict that in the future, governments in all countries in the world will make their own country's cryptocurrency.  just look at the example of China which announced that they would circulate their own country's cryptocurrency and certainly, this will be followed by many countries in the future..  I am very confident, stable coins will circulate together with fiat currency in the future or even replace fiat currencies.

Stable state coins cannot be decentralized. Stable coins of states are the same centralized currency of states, only in digitized form. Therefore, there will be no significant difference between the currency of states and their stable coins. The difference is only in the form and method of their use. However, stable state coins will be more convenient to use and I hope that their appearance will affect the overall improvement in cryptocurrency liquidity.

of course if all countries have received crypto, of course the demand for crypto will increase in terms of any kind of trading, buying and selling or ico coming out will be more and more.
every country will certainly make their own stable coins whether they are made by exchanges in each country, or the government and local banks also make them.

I believe that most of govs won't keep up with crypto companies, so I think its more possible for govs to adopt crypto payment options, but not the cryptocurrencies itself

I think that countries will not produce their coins. This makes no sense. It seems to me that only China is able to launch a national cryptocurrency.

Governments would only consider to generate their own stable coin only if the cryptocurrencies are been legalized globally. This seems a rare situation though. I think perhaps tether would launch many other stable coins which might be used for P2P transactions in each country. This might even get more reliable and a number of people who are not that aware about buying and selling cryptocurrencies would find a easier way to do so. This might be something which would be needed.

There should be a stable coin for each national currency which would have the price same as those currencies. This would allow us to easily convert bitcoins into our fiat currency without paying excess charges.

This prediction seems impossible in the nearest future imo, cryptocurrencies have been used for years now, but till now how many countries have adopted their own cryptocurrency, none as of yet, China wants to, but till now that are yet to do so, government have no reason to be eager to create a national cryptocurrency, that energy would rather be employed in improving their fiat currency.

A stable coin for every currency is "asking too much", even if there are to be more stable coins they'll still be in the most popular currencies in the world and those of countries with the best economy.

It seems like it's not very effective. Does not every local exchange have a special lane for transactions using fiat in force in the country? Moreover, the use of stable coins is not too dominating, only used for strategies when market conditions are not possible and when transferring from one exchange to another exchange. So it is not an urgent matter in my opinion.

It's not coins but that will be digital currency. that has already stated by so many countries if they are interesting to issue their own digital currency. The fact that another country was able to launching their own digital currency too. It's not so difficult to do that. Dude, national currency can be created easily.
Country has all of resources to do that even they can legalize their crypto easily.

At first yes, it won't be very effective.

But if the government is the one who initiates this, it's only a matter of time to widen its functions and this is when it will be effective to the public.
If every country will make their own stablecoin, this may become the standard crypto of each country.

Of course government will make sure that they will create their own currency because they don't like to have no control to the currencies that they are using in their country. The same with China, they didn't adapt the usage of other currencies that were being launched by other team instead they decided to create and launch their own currency so they can control the usage of it and the most important is they will be the one to benefit at the end.

But this centralized digital currency can not compete against somwthing like bitcoin with global appeal and no currency exchanged or conversion.

The same applies to the method used to ensure stability. It must be fully decentralized or it has a single point of failure.

based on your initial references and thinking from economists. stable coins are used with real asset investments such as USDT, from here due to crypto volatility which is considered by economists to be unsuitable for currencies. then as the growth of blockchain technology and indeed there are some government banks want to make a digital currency, it is likely that the concept of making digital currency by the government has a big chance.

Back again, I'm sure crypto users will find it difficult to accept the centralization of digital currency.

Centralized currencies can not compete with bitcoin globally, but a stable currency will continue to be used by many people unintentionally, because the name of the currency is clearly always needed by all people even though they cannot compete with the king of coins namely bitcoin.

Of course it is possible for the cryptocurrency to be accepted by every other countries. But I do not think that it will become stable since we all know that cryptocurrency has its volatile characteristic meaning it will continuously move depending on the supply of the coin and the demand of the consumer. But of course it is possible. I am just wondering how it will be implemented. Maybe, they can create a global coin that can be used by every other countries in terms of their transaction.

There is a huge difference between a private company doing something like that and a whole government doing something like that. USA for example has over 20 trillion dollars in debt, do you really think they can't just back 5-10 billion dollars worth of stablecoin?

They can create a stablecoin that will take care of all stablecoin needs of the whole world by themselves and take over the stablecoin market while at the same time keep printing money out of nothing and just sell it to us, not like everyone will keep on asking fiat back for their stable coin so that they would be basically getting money in return of nothing, sure there would be some people who will ask for it but they have so much they are getting that they could literally build a whole ponzi on that and still be fine.

We also have to think logically and realistically, friends, because all countries have different governance rules, so that when they make new steps in adopting the crypto payment option, of course there must be deliberation or consensus first, because we cannot decide personally

There Is only one decentralized stable coin but it can only greatly reduce fluctuations not hold at a rock solid single value.
This is the best solution one can implement in a truly decentralized way. This gets more stable or to reduce volatility more with stronger and wider adoption. Tether is more stable but is centralized.

As long as it will not be security and the government will bring a lot of ways to adopt crypto. The problem is so many crypto has no utility value. This problem is not yet fixed by the companies. The regulation has been putting the token that can be categorized as security as the main problem.

If we are talking about a stable coin for each ordinary currency, then here, most likely, we are talking about the issue by states of their national stable coins in parallel with their existing ordinary types of money. This process is now very relevant, since many states are now working on the issue of their national stable coin. Therefore, I do not see anything bad and surprising in the fact that each state will have its own national stable coin, which at a price will be equal to their usual currency. This process is ongoing and irreversible.

For what? Why they need to create another stable coin? It is enough to use teather or USDT to use by many people. But I will be agree if the government will create their own stable coin, or they create their money fiat now in form cryptocurrency. And this has been done by the chinese government if I am not mistaken. They create their stable coin to avoid their citizen use teather or USDT to make a transaction on his country (correct me if I am wrong). And I think that the government will make their own cryptocurrency is really required, so as there is no rule who ban cryptocurrency anymore.

Definitely there are a lot of possibilities for government to go for their own stablecoin in the near future. Because, I guess every government wants to be part of cryptocurrency industry and with such stablecoins it will be easier for them to enter into our crypto space.

We can expect governments to issue the crypto format of their local fiat. It means every government may prefer to have their currency on blockchain. All I can guess is, there will be no need of going for some new crypto or all new cryptocurrencies related things  for having a stablecoin, they may simply make their fiat into blockchain. This way, your view of stablecoin for every country may come into live.

If the presence of stable coins then I'm very sure the cryptocurrency will be accepted in every country because it has its own advantages in getting profit, and most of the first spam prevention should be designed if not then That's where the inhibition that will happen, if later Crypto is already received in every country then I believe in every country will also create each coin.

It is a possibility that governments around the world might come up with their crypto but how successful it can be depends upon how it can attract mass usage if not it will die off eventually.

First they need to study the feasibility and the risk to come up with a coin in the blockchain and they need to spend a lot of money and resources to study and once that happens then we are clearly see some countries trying that.

Some Countries nowadays are making their own digital coins, some are already planning to make one. Because they see the potential value that hose coins will make after we enter the Digital Currency era. Later on, every country in the world will have a digital version of its currencies which also backed up by their national currencies. New Zealand already creating some of that, base on the post I read last year.

Stablecoin for every currency may not be a reality anytime soon but i think it will happen in 5 to 10 years because not only international payments become easy but local payments, salaries, taxes and even shopping becomes easy and cashless and also each transaction can be checked and tracked anytime.

I agree government do not prefer decentralization but they are more curious on adopting blockchain technologies which may open doors for government based stablecoin in my opinion too. When government will be issuing stablecoin, I guess that will not remain 100% decentralized hence we cannot expect fully transparent and not fully secured for privacy reasons. I mean to say government will be able to track who are all using their coins and who are all holding it.

When governments start interfering into the cryptocurrency market in the name of stablecoins, then we will be having all new environment which will be having low percentage of the decentralization or zero the decentralization which means just transacting  our fiats but on blockchain; there will be no big differences/advantages.

Where it's all going to end will be non volatile coins and volatile coins, Bitcoin will remain and so other coins but all countries will have stable coins backed by their own Fiat, I don't expect anything more than this

Of course there are possibilities,,, but remember just because a goverment issues its own crypto does not mean it is good for the economy or even good for us. Just look at the whole big scandal of Petro,,, for sure now so many people are angry at virtual currency that anyone can just make one and control it, worse if it is a state!

I think we can use usdt to pay something, but so far, usdt is not used for the payment even for bitcoin. It still only a few merchants or local stores which is using crypto as the payment. Maybe in the next 5 or 10 years later, we will see this will happen, and who knows, bitcoin will be used for the payments. It could happen for every country to have their own coins, but I don't think that will be a stable coin.

Yes. When governments are rushing for adopting cryptocurrency and blockchain technologies, what you have mentioned must be the most appropriate way for them to easily enter into this market. Government may legalize crypto currencies or may not but definitely they will be preferring to how their own stablecoin which could be their already existing fiats.

I just wonder what are the advantages we will be enjoying by having our local fiat on blockchain. I mean to say what are the privacy issues may rise up due to this and also what will be the exact consequence of such stablecoins by government is going to provide will be my actual curiosity but only time will answer all these.

Well the value of stablecoin of each country will still have its ups and down comparing it to the digital currency of other countries just as it is today when we look at forex market. There is however changes though such as the central banks can be traced if they are creating more stablecoins. Transparency is there and we know how much they created since its in the blockchain.

Transparency I guess is one advantage. Paperbills gets lost and I think this is one of the reason why China planned their digital currency too.

if in fact almost all countries have adopted or implemented cryptography, then perhaps each country will create its own stable coins.
yes, it will also make it easier for people to switch to fiat without having to do it to peg to the US dollar, we know that peg is on almost the entire market, but the availability of stable coins for each country will certainly be better.

It is more possible for nations to create their own stable currencies but I still think that we need one or two good examples of that helping nations create some sort of reserves with it in order to show the other nations how it could be beneficial for them.

We still don't know how stable coins could be tracked or not and we are not in a situation where we want non-traceable currencies by governments since they would basically working against themselves if they do that and the amount of money they make from that would be less than money they would be losing from tax evasion or money laundering. As soon as nations figure that thin line out and find a way, I am sure they will do it perfectly.

There are some way for creating the coin as stable at whole world. If the law conducted by decentralized team's then it would be essay for the government for marketing the supplied coin among the crypto peolpe and who relevent with those system.

I agree with your words, there will be benefited both team along as acute row. because of when all of the cryptocurrency are covered by it then use case of the stability will be must for exchange anywhere in any country. so from this points it is needed to create coins.

I think when cryptocurrency get a global adoption and countries  develop interest to get unto the industry, they have to be more careful as things can go wrong in this regard. We have seen hacking from one exchange to another and sometimes exit scams between some notable individuals. For any government to create their own cryptocurrency, they must ensure they're ready to take responsibilities of what happen after the launch. Hope to see global adoption soon, as the pandemic has unravel the fiats as weak type.

Yes, It would be happen for all cytpo market holder. The possibility of stable coin currency creating more expected thinking for online traders when constancy will be breach down. I think we all need our own stablecoin and that should be accepted globally without any issue.

crypto is even at this stage of its acceptance and trust because of the emergence of stable coins which are like safe havens for traders. I also agree with your point that no country will really make another person's private coin a national treasure unless all delegating power belonged to them and that why China has created its own coin. Other countries will emulate their success and follow suite I believe

I believe once cryptocurrency gets more adoption, every country that fully legalizes the activities of cryptocurrency will create their own digital currency. This point is validated by the proposed cryptocurrency to be created by china. I believe other countries will follow suit as governments will always want to dominate any sector as much as possible. However, let's wait for what the future holds

I don't think Tether will go that extent of creating new stable coins for each coin. That would be a whole lot of job for them to earn money. Already, they are minting new Tether almost everyday and making profits. I think governments would rather venture into the creation of their own stable cryptocurrencies to be used as a payment choice in their country.

I see more likely governments will crate digital coin of their currencies. Of course tether can also do it. Or any other company. But that token is still a digital national currency coin. Nothing else.

Definitely it is the batter plane for the coin pumping, many organization will be profited form this type of step. The government of the country and also root level traders will be profited as well as more than present terms. So, It should be happen.

If that happens and it is not decentralised then we go back to what currency used to be before cryptocurrency came. Hitherto, the block chain idea also comes with other concepts on it like data sharing and App management. It is not all about currency exchange

Depends on how it will be done. I basically hate USDT as it is, so if some private company from Bahamas will do something like that, I will not be supporting any of it, in any nation at all. However if a proper bank type of place or a government does it, then we could support it.

I was an avid supporter of Libra for example, it is facebook and they would basically track all of your spending to make sure they give you better ads, destroying all of privacy that we worked so hard of, however they would still be better than tether who just prints out money and doesn't even back it at all. So all in all if done properly it is a great idea, if done poorly it is just a cash cow for some company, do it right and you will get a lot of customers for it for sure.

If that never happens, and if no one or any organization has come forward to spread the coin, I can say for sure that they will lose the big gains. So to have time to take action on it.

There is already a stablecoin for several different fiat currencies, though most of course target the US dollar since this is widely considered to be the world's reserve currency.

The cryptocurrency industry is still growing, and its growth is currently fastest among economically developed countries.

Since the majority of these countries and their citizens consider the dollar to be the world's base currency, there is little demand for stablecoins for other native currencies.

That said, Tether did just release tether gold (XAUT) and will likely release a tether euro soon. Beyond that, I can't imagine we'll get stablecoins for less prominent cryptocurrencies in the next year, due to the aforementioned lack of demand.

Of course, the government wants to participate if crypto advances in the future or is accepted in all countries.
They compete to make their own coins so they can control the market or participate in the plan.
but coins made by the government will later become centralized because there is a center that governs them.

but if there is a coin that is easily manipulated by the government itself then I think it will only make worse of the coin itself because it will certainly have a negative impact on the users of the coin, as happened to usdt which in my opinion is the only stable coin that can manipulated.

There are many projects that claim that they are physical gold backed crypto but is there any transparency to their claims is to be verified, with tether they were not transparent with the decisions they made, they claimed every tether was backed by US dollar but later we all found that it was not true and i have to think twice before trusting them with anything.

As for having a stable coin for every currency, is it even viable and there is no point in doing so.

I think that soon we will have many stable coins in the form of digitized currencies of various states, that is, stable coins of the central banks of these states. They will play the leading role among stable coins. Of the various private and commercial stable coins, only those that have worked well will remain.
This month, a stable coin of the central bank of China should already appear. If it will be a good success, and most likely it will be so, then a boom of similar coins of other states will come. The digitized coins of states to a large extent should supplant the paper money of these states, which cease to be effective due to their high cost, quick wear and other circumstances. However, paper money will remain in circulation for a long time to come.

We must be aiming at a place where the decentralized currency replace the existing centralised currency and not creating a new stable currency for every available Fiat

Assuming the company that's going to create stablecoin across the world with various currency could overcome all the legal problems and the hurdle it's still quite risky, the recent rumours says that the authorities considering to enforce strict law toward stablecoin or even worse banning them, not to mention that stablecoin could be a double-edged sword, it could either contribute to the economy or making a fragile economy becomes even fragile.

This is more like the normal fiat that every country has and if such should happen, it will reduce the relevance of tether. However, tether and other stablecoins that are currently in the system will still have more influx if users prefer them to those issued by their countries.
One of the problems that will be associated with the stablecoins created by individual countries is that the governments will have too much control over them because they are fully centralized and there will be lots of limitations for users.
Tether might have its own issue too, which is also associated with centralization, but there are still fully decentralized stablecoins.

people get too used with fiat they can't stray away from it and consider other option as a blatant scam while it's actually not. stablecoin could become a bridge for people that wants to use crypto but are too afraid due to the circulating rumour about how bad crypto by some uneducated people.

Exactly. The decentralization part is what makes real crypto unique and good.
I think I am a abit ok with countries having their own coins, as long as the coins share thesame/similar principles with Bitcoin/Blockchain. They'll need to be very decentralized, transparent, immutable, privacy-friendly/anonymous, deflationary, safe/secure, permissionless/trustless,etc  for the safety of global users. Small autonomous nations (that adhere to the principles) can fill the gap if the current nations don't.

What is stability? Those present cannot be guaranteed. The whole economy is glorious. The fact is that such a currency would be surest but would also be regulated ... and dependent. This is already changing the form of things ...

I don’t quite understand how the stable coin differs from the real currency accepted in the country. And why will they be in great demand?

A stable coin is perfect for every altcoin because with a stable pair of coins will make the price of altcoin awake I prefer to trade altcoin with USDT pairs, it's easy to guess and it's easy to get profit

Eventually the governments will start their own stable-coins. These stablecoins will not be decentralized, but they may be using the blockchain technology, which will help cryptocurrencies and stablecoins gain some more traction. Usdt as a centralized stablecoin may face some pressure from governments though, because it's getting too big.  

Tether or others statblecoin (like Gold stablecoin) in the market will only create stablecoin for all currency in the world if only they have an agreement with each country government just like the Angullia government and Temtum project did and i dont see that happening due to the government centralization, they will prefer to issue their national cryptocurrency by themselve.

I think it's important to make a decision before taking any action. Because it is not just a privileged part of a few or a nation, but the entire nation is demanding it. Therefore, the key word of all decisions will be the happiness of the greatest amount of people.

Why will tether help nations to creat their stable coins? Various nations should do that themselves and see to it that it doesn't become another problem for the economy because of political affiliation.

It is no meaning if every country started having their stablecoin because it is just an alternative to a stable currency just like the name suggest. It does not depreciate or appreciate. It has a fixed price compare to other cryptocurrencies

Every country will probably want to work towards a stable coin. At least to make people want to use a lot use it. I am not sure if Bitcoin will much be able to achieve it's goal of being a currency if this happens. People will just be using it as investment.

Actually, I don't think any country will allow Tether or other stable coins as their national digital currency! If the government likes the crypto idea and if they want to imply it then I am sure all those governments will create their own crypto stable coins to keep the money inside the country!

In my opinion to make stable coin for every currency needs hard effort.  Because it is really difficult to make it as their own digital money.  Bitcoin absolutely will occur in every part of the country but to exist as digital money of every country will need big changes.