Bitcoin Forum

Let's discuss the potential effects of stable coins which are bound to usd or eur. We usually use them to avoid the volatility or short bitcoin in a way. There are many stable coins in the last year. By writing threat, I didn't mean issues like tether's issue. I mean, they are not coins, they are just usd and eur.

If you realize that point, then the question is moot.  Bitcoin derives a lot of its popularity from the fact that its value is subject to the free market, meaning that its price moves according to supply and demand.  Stable coins don't do that, and there is never going to be significant interest in them other than using them as a substitute for cash on exchanges.

So no, there isn't a stable coin in existence or one to be yet created that will present a threat to bitcoin, or to any altcoins. 

What if we use bitcoin without these backup stable coins? We may need to learn that we can do without these stable coins, we don't need usd or eur or other traditional money. We should start using directly bitcoin rather than its usd value. For example, an apple may cost some satoshi not cents. Apple's cost depends the traditional way, demand and supply and its price can change in return for satoshis. We should remove usd eur and others, stable or not.

I don't think that these stable coins is a threat to Bitcoin.  They have the deflationary tendency just like USD and EUR that is  where Bitcoin is proven superior.  Any advantage of Bitcoin against inflationary currency will be the same advantage it will have to all stable currency pegged to USD oe EUR.


We already use Bitcoin as it is, items are priced in Bitcoin with equivalent of USD price of the item, or usd converted to Bitcoin amount.  We cannot remove this USD, EUR or any fiat currency pricing because it is the known universal unit of price of an item.

they are all centralized and highly risky, there is no threat in that for a decentralized bitcoin like bitcoin. specially from dozens of them that keep popping up like mushrooms these days.
the only thing that could only cause a short term drama and that only in price of bitcoin is tether and that is only because it is oldest and biggest otherwise they have nothing to do with bitcoin.

Right now, we are not seeing stablecoins as threats to the dominance of Bitcoin. In fact, I read weeks ago an article which stated that Libra as a stablecoin can in fact be helping Bitcoin be more valuable. Well, I am hoping that it can be that case if we find Libra will be operational already after battling it out with many opposing regulators and politicians. A week ago, there was this another article which posited the idea that  a certain stablecoin actually propped up the value of Bitcoin. In trading, we know that there seems to have a mutual relationship between stablecoins and Bitcoin. However, stablecoins are considered to be threats to the global economy, says some regulators and this has become the basis for their strong stance against Libra.

Can you give me a valid reason for these stable coins becoming a threat to the crypto economy? I don't think so! These stable coins are made for good reasons! it helps immensely in trading, especially the day traders are benefited the most from it. It is an arguable statement, if these are coins or not! But they are definitely a digital representation of fiat currencies like USD or EUR. It certainly helps protect your capital during a bearing market. I personally don't think they are any threat to the crypto economy rather it helps in growing the crypto economy by allowing the traders to have a straight forward calculation and faster execution!

I definitely don't see them as a threat. If anything, these stablecoins are just fiat that are easily tradable through exchanges. Sure, they're stable in value. But isn't one of the reasons bitcoin was created is for us to have something that's deflationary? In contrast to fiat stablecoins that has values that are still controlled by the fed. Don't get me wrong; stablecoins are definitely useful; but I won't hold them for more than a few months.

I don't think so, because stable coins are a possible conversion of the USD and EUR at the same time, and in that case, once these coins are being converted, people can easily buy bitcoins and other coins as well. Being a threat to bitcoin isn't much likely to happen, as we know how capable they are in saving investors and traders from being eaten up by the falling market trend.

Stable coins are not a threat to bitcoin. These stable coins were created because the price of bitcoin is not stable. So investor can move to stable coins when market becomes riskier. The situation right now is a suitable time to move on to a stable coin. We don't know which way the price will go so investors who don't want to gamble and want to be safe with their investment can move to a trusted stable coin like USDC or TUSD(I don't recommend USDT). Even sometimes when you work online and get paid in Bitcoin things can be unusual when the price of bitcoin moves too much. I get paid last month in BTC but the price went down $2000 in a few weeks So Stable coin solve this problem as well. A stable coin is helping people who work on crypto space and is using crypto regularly & is not a threat to bitcoin in any way.

I think not, because stablecoins are currencies that are backed in some way by fiat currencies, some by the dollar, others by dollar, euro, I think that for Bitcoin it would not be any threat, I see it as an opportunity for people to finish adopting bitcoin, recently what I think that if they can bring consequences is for some countries that may endanger their local economies, such is the case of China with Libra, because they know that Libra will not be present in the Chinese Yuan but if the US dollar, thus representing a dominion over them, particularly over the United States also represents a type of threat to its economy.

 The case of Libra seems interesting because it would reach all parts of the world through Facebook and in every corner of the world most people have an account there, when they begin to know that through that Stablecoin they can skip dollar bans. Euro, among others, will use the stablecoin to then change it to Bitcoin, the fact is simple, bitcoin represents money, a money that can inflate at any time to triple, although it may fall, it represents a deflationary economy.

If you think that Stable coins will be a threat in the future then stop using it as a way to avoid the volatility of Bitcoin, Eventually, this type of coins may become a threat if people are always using it, And maybe you are right that these Stable coins are just mere USD and Euro but they are here cloaking and disguising themselves as cryptocurrencies and many investors and traders that didn't know are then thinking that these stable coins are like decentralized ones its crucial to the market because some people are trusting it,

But I don't think this could be a threat to the market of Bitcoin or becoming the top in the crypto world.

Stable coins have zero threat to the bitcoins. Coin is stable only if is artificially controlled by a central body and hence stable coins are centralized ones. You should not compare the centralized coins with decentralized ones. Tether has already big issues associated with it and i do not understand why people still keep their money in tether.

One of the reason we use bitcoin is because it is fast and cheap, well, there are other altcoins cheaper and faster surely. Stable coins provide fast and low fee transactions too. On the other hand, daily total max volume is not on bitcoin, it is with tether.

that might not be possible. the only way it could happen is if we trade items base on the intrinsic (BTC) value i'm asking for the apple you wanna buy.  but since we can always agree on the market price we can just do it base on USD which acceptable for all. there will be no haggling when we do it this way. its never a threat but its best to just trade with stablecoins,  most of us use it for that purpose.

Stable coins could see more ETF approval in the future than the volatile coin. We could see more stable but the strategy of profit making could different for investor, maybe through staking etc. After such a long bear market, Investors with low risk capacity but want to benefit from the space might need a stable coin with a use case that drive volume trade. An annual profit of 20% could be enough for staking for long term investors in stable coin. We need to reduce volatile coins in the market.

Well, actually, I wasn't mentioning tether is an issue but for Bitcoin, it is a threat and we have seen it. We may have new tether examples in the future with other stable coins. This is another part of the threat.

They are not a threat because they are different from Bitcoin, hence they will attract different audience. Bitcoin is for people who don't trust centralized organizations like banks and payment companies, stablecoins are for people who don't understand how crypto works or for some reason trust the companies behind the stablecoins. I don't care if stablecoins will take some users from Bitcoin, that would mean that those users weren't good bitcoiners in the first place, and probably wouldn't have stuck for long anyway.

in my own opinon i think the stable coin pose as a little threat to bitcoin BTC

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This is great topic that's pretty on par with the recent G7 article that was released? I'm assuming that is what prompted this thread - right?

I believe comparing stablecoins and Bitcoin is basically comparing apples and oranges. They both have different functions and are used for different things. The only correlation they might have is when Bitcoin investors want a safer option and therefore convert their funds to USDT or other stablecoins to hold the fiat value of those coins.

Otherwise, it doesn't really impact the market and won't change Bitcoin - completely different things here.

I don't know why people think that stable coins are a threat to bitcoin. Infact they are playing a bigger role to helping to solve the problem of high volatility in the cryptospace that has left most traders with losses.

If Stable coins are a threat to BTC, then why is the Bitcoin dominance currently at 66% compared to 2 years ago where it was at around 30% and yet there was no stable coin hype at that time?

The threat is in the potential fallout from the companies behind these coins printing too much fake money and going bankrupt. USDt was supposed to be backed 1:1 by usd. People were asking them to show them proof that it's backed and got none. Finally the company admitted that some of the USDt in circulation is not backed. Who wants to be the last fool to turn their USDt into USD? Not me.

Isn't this a vital threat for bitcoin? These backing issues are preventing bitcoin from mass adoption. It shouldn't be a scam scheme. But if we don't have these stable coins, these will not happening for sure.

I think stable coins are not a threat for bitcoin, stable coins are used by people to save assets when there is a bear market. Stable coins
are also used to store profits from investments or trading. Stable coins substitute cash in the digital world. So the conclusion is stable coins
make the investment world healthier, stable coins are also very useful for bitcoin its not as a competitor but as a supporter of bitcoin.
With its stable coins make investors more enthusiastic with the world of cryptocurrency, therefore stable coins are not a threat for bitcoin.

Why stable coind can't help bitcoin to be recognize? As far as I know, there are some exchange who do not accepts USD so you will first exchange your USD to other stable coins then you will use that STABLE COIN (like USDT(Tether)) to buy some Bitcoins.
For me, stable coins is not really threat for Bitcoin as long as they are 100% transparent, or really backed/pegged with some national currency like USD.

Additionally, stablecoin's centralization issue is getting worst by the emergence of new stablecoin competitors saturating the whole market but negating the effects that supposedly makes a "threat" to Bitcoin. Also, if I'm not mistaken, most of these stablecoins has no fix supply as compared to Bitcoin - the reason some of them can just easily release or mint new tokens overnight thus adding more cloud in the "fiat backing" credibility issue.

In trading, stable coins are very useful for storing values or locking profits. And stable coin is not a threat for Bitcoin. Stable coins are only a complement to support the needs of traders. And there is nothing to lose if you hold or deposit a portion of a stable coin to store trading profits.

The same goes for all bitcoins on deposit at exchanges, or dollars on deposit at your local bank. Eventually, fractional reserve will take its toll. This is characteristic of all trusted custodial arrangements, not just centralized stablecoins.

That's why decentralized stablecoins like DAI are much more interesting to me. It uses economic incentives to pressure the price towards a $1 peg and is completely trustless -- no third party custody.

Stable coins are not a threat to bitcoin. In terms of trading and earning a profit from volatility bitcoin is still more attractive to stable coin. Stable coin on the other hand is attractive to merchants since the price is not volatile. In some way there are some market impacts on bitcoin but the impact of stablecoin is not much of a threat to bitcoin market.

Indeed, stable coin was just created to minimize the volatility, and there is nothing to be feared about that. Stable coin will not get in the way of bitcoin which we all know that it is the majority of people when it comes to investing in cryptocurrency. bitcoin has the upper hand, it wont affect it at any cost.

Stable coin in trading just give few profit, we like coin can pump and down suddenly to get much profit with investing in crypto. Investing with sable coin looks less risk with price down just we only get little profit although have much money for investing, when we use for pump or dump altcoin extreme I think the best ideas how to get much profit with crypto investment.

Yes. investing in stable coin is not that good way of investing. It is just an alternative way to store your fund if in case you don't want to trade yet, or the market is unstable. This is a great help in case of bear market, so we also need stable coins in case.

You mean stable coin is the best option to avoid risk of our funds?
In other side I agree with your statement that stable is not a threat for btc because stable coin is just like that and added to that bitcoin is working on its volatility because of risk takers who still investing. stable coin and bitcoin dont have the same purpose. we still choose bitcoin and still investing because we want profit. we are not here to choose stable coin for nothing. still bitcoin is our choices to gain.

Absolutely! In my personal view, I think stablecoins are not a direct threat to Bitcoin rather they are a complement to Bitcoin which gives adopters a way to ease its volatility not to mention that the two coins have profound differences to each other in terms of technicalities and features that it seems inappropriate to compare them as rivals. Imho.

I don't think there's any threat to bitcoin as of now. Bitcoin still prevails as the most used and trusted by many cryptocurrency users. Stablecoins are controlled and somewhat centralized, it is condtradicting the essence of crypto being decentralized.

Stablecoins is much preferred when using as payment because price fluctuations are minimal. However for day traders, bitcoin still would be widely used sincetraders want price action to gain profit.

i'm not quite sure why do you think those stable coins could be a problem or a threat for bitcoin
those coins are 2 year on the market already and I do not see any threat
so what makes you think the new coins will pose a threat?  it is not logical

Stablecoins weren't a threat for bitcoin. Those are the one that makes the cryptocurrency market strong, in simple if there isn't no stablecoin it is hard to experience such a level of circulation of cryptocurrency in the market. In cryptocurrency network stablecoin pairing with different cryptocurrencies contribute big to the circulation through trading. More the circulation more will be the growth happening with time.

Stable coins are not used to short Bitcoin, but rather to give traditional investors that are used to more stable commodities a safe option to invest in Crypto currencies. A lot of the more traditional investors are not used to the crazy volatility of Bitcoin and are hesitant to invest in something with high volatility, so they opt for asset backed Stable coins.  ::)

Most of the money invested in those coins are just converted back to fiat currencies, so it has no impact on the Bitcoin price.  ::) Tether might be a trading pair with Bitcoin in some way.   ???

Stablecoin pose no threat to Bitcoin, as i explained at length in the other thread (https://bitcointalk.org/index.php?topic=5194566.msg52824684#msg52824684). You say they are not coins, you are correct, they are tokens, most (all?) don't even have their own blockchain, and they all depend in whoever is pegging their value to the alleged coin. Not only you have to be trusting the government that is backing the real fiat they peg to, now you also have to trust a third party (person or group) that they "back" their tokens with an equal amount of coins (which they don't, they do fractional reserve, and that is a time bomb) AND that they will fulfill their promise at any given time under any condition (they won't).

This stable coins are always be here to be a safe haven in times of market downturns especially in bitcoin and other top crypto used for market manipulations if there are no stable coins we cannot stop immediately our big losses when market is not in favor but this does not mean it will become a threat to bitcoin in the future , stable coins are created with a different purpose compared bitcoin.  

It's more of a standby area to be able to buy bitcoin in our desired price. I don't think it affects Bitcoin too much since we all have different prospect amount. It allows us to trade any time we wanted without the hassle of converting and cashing in our fiat. They both help traders in different way since in bitcoin will be able to earn unlike in stable coins so no rivalry needed.

No, i don’t think that stable coins are a threat for Bitcoin or Ethereum. Yeah, a lot of controversy regarding stable coins specifically Tether (USDT) is the most using currency that's why all of the people’s used it for many different purposes. In the trading it’s highly used. Actually, stable coins can be protect your losses when the crypto market is very badly go to downtrend. This one is really big advantages in the crypto space. How it will be threat for Bitcoin i don’t know.                      

Yes, stable coins are good and it is suitable for every user to be able to trade and transfer money to each other in this area, even looking further, this could be a connection between the crypto world and the outside world but even though everything has such great points, it's still not likely to threaten bitcoin. Because if stable coins are the connection and make every transaction easier without volatility, Bitcoin is the dominant place, it creates money, creates jobs and changes for people to make money, Bitcoin is the center of interaction, while stable coins are just a small bridge

how can stable coin be a threat to bitcoin when they don't even grow in price? the only reason why people patronize stable coins is because of the high volatility in market, if btc price was not fluctuate too much and a bit steady nobody will think of preserving their money in stable coin because you don't need it, stable coin are only there for one purpose only and that is not enough reason to be a threat.

I really don't think they are a threat, although there are several Stable Coins that have grown substantially like Theter, TrueUSD, and so on. The truth is that most people prefer projects where there is the possibility of obtaining higher returns, assuming the risk of volatility, most cryptocurrency projects have grown in the medium and long term, people know it and are more inclined to This type of projects.

Stable coins are often used to overcome unpredictable price changes so that greater losses can be avoided but still have the control to change strategies. In short, stable coins are digitalization of the price of a currency (such as USD -> USDT), valuables (such as gold -> GOLD Tokens), and various other subjects whether they have real value or not.
I'm still confused, how can that be a threat to BTC? while stable coin itself has a function and purpose of creation that is clearly different from bitcoin. Both are in different ecosystems.

I think that stable coins have both a positive and a negative effect on cryptocurrency, including bitcoin. Stable coins, since they work like a cryptocurrency, will attract people's attention to a decentralized cryptocurrency. However, most likely, stable coins will be in great demand and trust of people, especially if they are created by governments, and will draw on themselves monetary resources as a means of payment. Therefore, with the advent of stable coins, one should expect a decrease in the number of transactions of a decentralized cryptocurrency as a means of payment.

I don't see stable coins as a threat for Bitcoin. Instead, I see stable coins can be alternatives for fiat money. Governments don't like volatile money. So, stable coins can be better than fiat money as a choice. As for Bitcoin, I think it will be one of the best payment methods for a very long time.

Stable coins are a threat but only in the eyes of the general public which is not familiar with cryptocurrencies. USDt and the rest of them aren't cryptocurrencies but they are calling themselves this way. An average person will not see the difference and when these "cryptos" become known as the quantitative easing of the bitcoin world the FUDding will begin. Bitcoin can't be weakened by money printing but when exchanges are trading Bitcoin for freshly printed stablecoins like they're dollars (which they are not, not even close) you'll literally selling your BTC for nothing.

Since there are unlimited usd printings, we may have plenty of stable coins in the environment. They may start to buy bitcoin with these centralized traditional money. So, we will probably have less Bitcoins in our hand because with these traditional money, the governments will have a lot of Bitcoin. This is a risk.

No worries. Those stable coins wont change in value. They will just be the same even if we talk about it forever.
Even with a great hype there wont be any changes.
Better calm down and just use them.
Somehow you could make profits out of it if done right. That is what they are for now. A scapegoat. Instead of doing it like before where we sell bitcoin for altcoin where there is a risk for the price to fall in just a manner of time.

No I do not see them as a thread but as a boon for the crypto economy. Stable coins can do things that Bitcoin or most major altcoins cannot do. That is to take care of the day to day transaction of everyday people and to provide a stable vehicle for people to park their money in times of instability.
Think of it like, if Bitcoin is a Bus, Altcoins are the steering and stablecoins are the wheels. They are not a threat but a necessity for the bus to run.

it is funny how people make up theories without checking any facts!
the relationship between stable coins and bitcoin is so little that it might as well not even exist. if you ignore the bitfinex (the creator and owner of the biggest stable coin) volumes you can see that practically zero. now if you check the volume of altcoins you can see the only usage it has is in altcoin trading.
so how can something that is only being used for altcoin trading even be threat to bitcoin?!!! it is like saying when Cryptsy or Bittrex scammed their users or when an ICO scammed they threatened bitcoin!!!
on top of that, people who choose bitcoin are choosing it because it is decentralized not because they need stable price.

Since bitcoin is inconsistent, any stable coin can really be a threat. A stable coil can be asked by a lot of people due to the assurance of value; unlike bitcoin, they can only offer high value but not consistency.

The word threat is understatement base on your point. I guess you should rephrase it by being a rival when it comes in mode of payment. However, that just constitutes your point.


And even not for years tho.
Personally, stablecoins are just a saver when taking profit. No more, no less.

Stable coins aren't still a threat for bitcoin because further development will be needed for stable coins to be on par with bitcoin. Not even those big altcoins like ethereum and litecoin can't beat bitcoin and these 2 coins are more likely to be more popular and powerful than any existing stable coins now on the market.

This stable coin concept is something that most of crypto stakeholders aware that its threat is not to beat bitcoin popularity or even its functionality, as you said the stable coin vision is as a safe investment... i mean a traditional investors at some point looking for a place to custody their funds, they are looking for a place where you don't need to cash the money out but store it on a safe investment which at this point stable coin is the preferred one.

The real threat about this stablecoin is that nobody knows whether the 1 USDT is really pegged to 1 USD ...
1 PAX, is it really pegged to 1 ounce gold?

Can they prove it all?
These market is surely manipulated to keep the price stable , let's see how long it will last. There's nothing to do with bitcoin.

First and foremost, stable coins are no threat to Bitcoin. Why will you ever think Stable coins are a threat to Bitcoin? People in the crypto space hardly use stable coins for their transactions online. Stable coins are basically used as a trading coin and do not have the qualities that can threating the existence of Bitcoin. You need to provide us with enough reasons why you think stable coins have good potential than Bitcoin.  People will rather prefer to invest in crypto coins which are volatile than stable coins.

Stable coins in my opinion are not investment coins, because they are said to have a fixed price and are only used to fix someone's portfolio price without adding or reducing the value of the price.
This has advantages and disadvantages. You should not expect profits by investing in stable coins. expect in special cases where dividends are given to the holders. may have no effect on bitcoin and I would not believe that stable coins would be a threat to bitcoin.

I dont think Bitcoin has threat with any stable coin. Bitcoin is way difference from fiat.

Stablecoins were primarily created so that the big whales would park their wealth in there as and when they decide to short the Bitcoin market. This is what happened ever since Bitcoin futures and Tether were brought to the scene. They wrecked the little people and small traders by introducing stable coins. Now of course they are still a good hedge for the general instability and volatility of the market. Nexo for example give 8% a year APR annual interest given out daily for those who hold stablecoins in their NEXO wallet, so that is a stable income if say you have parked like 100k USD worth. You make a wage just by doing that, passive income.

Obviously no. The volatility of bitcoin makes it unique compared to stablecoins just like usd and euro. That's one of the factor why bitcoin is gaining more attention. Although it encompasses high risk, it can also be something positive which stablecoins don't have. I just don't really see stablecoin being a threat to bitcoin.

Let me be more clear. People shouldn't think that they can 'convert' to usd or eur anytime. This is not bitcoin. We shouldn't be using traditional money. With stable coins, we will have a way for changing to these traditional money. If we are to use them, why do we need Bitcoin and other altcoins?

People always want to make profit from their investment, and the people who are investing in crypto are  risk-takers. Also, there is always a discussion about the BTC price going to the moon. So I think more people will choose bitcoin over the stable coins. The stable coin will also bring the people in the crypto market who were afraid of the volatility of the crypto-coin prices and eventually it will be good for the total crypto market as well.

I don't think stablecoins are a threat to bitcoin at all because they are just safe coins to short bitcoin during harsh market conditions. Stablecoins pose no threat to bitcoin or any altcoins rather threat to each other "stablecoins" in the name of competition.   

they are more likely to be adopted for commerce while bitcoin is seen as "investment". They are not a threat but a step towards the future cryptocurrency adoption. Bitcoin price won't go up forever, it tends to stabilize as the number of users and volume grow up.

To my mind, stable coins (e.g. Libra) won't be a threat for Bitcoin. Bitcoin will continue to develop and be among the top currencies in the future. Besides, stable coins can be used by governments after fiat money loses its worth.

I don't think so because how they will earn from it if the price is stable? If investing is their only way to ear will It's too bad for them. Well, I don't think it's a threat for bitcoin since it still has a lot of investors now since the value dragging down so investors might earn some profit when the value rises again. Stable coins are the same ecosystem with fiat I guess.

Fluctuations and volatility are two things that will support the trading and investment system. Both of these things work well and also not because they can make you lucky and also lose. Without fluctuations and volatility, I think we only save money there, which is the same as saving money in a bank or vault. I think without these two things, trade and investment are no longer attractive.

I think stable coins will not be a threat to bitcoin because they are different. stable coins are centralized while bitcoin is decentralized. and bitcoin now has a large community and trading volume so I think it will be difficult for other coins to beat bitcoin. and I think stable coins and bitcoin have different functions and uses.

Only stable coins are going to be threat to other stable coins, simply as that. I don't think that bitcoin will be affected negatively in any way. If I'm not mistaken though, there are rumours that Tether are being used to manipulate the price of bitcoin as early as 2017, but we all know that crypto market is always based on news and speculation so I don't know if this is true or not.

And maybe that is the closest argument you can say about stable coins being a threat, using them as a sort of tool to manipulate the price to favour whales or big entities from behind.

Most stable coins are not decentralized and people understand those, this is one of the reasons that will make people to easily choose it over bitcoin and if you look at stable coins, they are pegged to dollar or euro which make them not to have additional benefits for using them or holding them, and truth be told, people wants what will give them additional benefit which we know that the increase they get in using them is the additional benefit here, of which use will stable coin be to me when they act just like fiat.

With all these functions of stable coin that is stated, do you know that I have never even for once use stable coin before? and most of the payment I have even received from companies in cryptocurrency has all been bitcoin, so with the existence of stable coins people still hold bitcoin far more than that hold all these so called stable coins.

No. I don't think that stable coins is a threat for bitcoin because bitcoin has already prove it's superiority that even it decreased it's price, it still has a chance to recover it's price back up again. And if bitcoin increases it's price most coins like ETH decreased it's price due to popularity of bitcoin that a lot of people are buying it.

I agree with you that bitcoin and stable coins have different usage functions. Because bitcoin is used for investment tools, while stable
coins have the same function as fiat which is used as a payment instrument. Therefore stable coins are not a threat for bitcoin. Instead,
they can walk side by side and benefit from each others. Aside from being a stable coins payment tool, it is used to store profit trading
results, so that the money not affected by volatility. And can be used to buy more bitcoin when prices are low. Stable coins are also used
to attract digital money into cash.

I think by that case, the price of an apple or maybe other product may depend on the value of bitcoin. If the bitcoin was higher or pump then the price of an apple was too expensive? It may affect the economy of the country by using the bitcoin as they use of transaction.

A stable coin reminds me of a fiat coin and it really misses the point of crypto since you still tyinf down its value to fiat. A stable coin is just a digital version of say a dollar. Bitcoin is a whole new story and has its own economy. We only compare bitcoin to USD because it is all we know so far. It is all we have to compare it and the closest measure of value we can find. Stable coin is as much a threat to bitcoin as fiat is.

Nothing is a threat for Bitcoin except itself ultimately.    A poor craftsman blames his tools, blames his competitors, blames the materials perhaps but its just going to be that BTC survives on its own two legs not by the blame or benefit of what opposes it.
    The main deal as I see it is every economy will attempt to destroy itself, I forget what they call it maybe creative destruction but you get the basic idea that every kind of money has some corrupt forces accidental and malicious that will always be present.   Thats the greatest threat for BTC going forward not a stable coin.
   Stable coin is basically a centralised entity, we might as well blame FIAT itself being too much of an alternative to Bitcoin.    I dont take the excuse, if Bitcoin doesnt have enough utility to it then it'll decline and not continue and it is the captain of its own destiny.

Of course, there are no threats to the existence of bitcoin from stable coins, but stable coins, in my opinion, have a definite negative and positive impact on bitcoin.
Stable coins attract the attention of new people, which will inevitably increase the popularity of the entire decentralized cryptocurrency. However, stable coins play the role of a means of payment, they are more convenient in calculations than bitcoin, and therefore some people will use stable coins instead of bitcoin as a means of payment.

Not only stablecoins all the centralised cryptocurrencies are really thread for the decentralized market. They were trying to the other cryptocurrency leads into banking investment and push them away from the decentralized community.
everyone try to give the maximum support to the decentralize market and the cryptocurrencies relay on that. We may use centralised kryptos only to exchange it as Fiat.

it is not easy to do that, because there are many differences between USD / EUR (fiat currency) and Bitcoin. all goods in the country have been managed by the state. including currency. the government must know all financial transactions. where the money comes in, and where it will come out. and what it is used for. while bitcoin, the government can't control that. basic bitcoin is privacy, anonymous, without a middle man. and free. so both are needed to keep transactions safe.

in my opinion stable coins will not threaten bitcoin because they both have different functions and uses. Stable coins like fiat money are more stable and are often used for payment instruments because they are more secure and transparent. while bitcoin is a coin that has high volatility so bitcoin is more suitable for investment. so I think stable coins won't threaten bitcoin. the presence of stable coins in the crypto market makes the crypto market more crowded.