With the introduction of the Ordinals protocol, various adventurers appeared who wanted to take advantage of the opportunity to issue tokens on the most famous and popular blockchain. As expected, there were also those who announced the release of stablecoins on the bitcoin blockchain.

So, recently the Stably project announced the launch of its USD-based stablecoin. Of course, the announced emission of $69.420 trillion suggests that it is hardly worth taking this project seriously, and Decrypt additionally cites arguments against this project. But there will surely be other projects ahead that want to issue stablecoins on the bitcoin blockchain. Perhaps these will be some of the currently popular stablecoins.

How do you feel about the prospect of dollar stablecoins on the bitcoin blockchain? Will you use them? How might this affect Bitcoin?