Can stablecoins be able to prevent de-dollarization?

[danadc]

I had thought about this type of things before and I had not realized that the USDT has that capacity, because it would be good on that side, because an economy based on bitcoin, which is ideal for me, I do not see it as viable for some countries that are so Jealous with their local Currencies , but seeing that the increase in local currencies is getting lower, since the dollar is the one that dominates, I prefer that it continue like this, because one already gets used to the fact that if one has dollars in cash , one Saves them and It has value, that is to buy normal things , but to save I do like to do it in bitcoin , because it is what is Smarter.

[|MINER|]

If we see that most of the stable coins are backed by USD, then what is the point? That means these cryptocurrencies ie stable coins are making usd more powerful. I think everyone who knows about these kinds of things well, they all will agree with that. If there the stable coins were backed by some other fiat currency then there would be a possibility that those stable coins will do de-dollarized. So I think such stable coins will increase the dollar's strength and actually prevent De-dollarization.

[Argoo]

If we see that most of the stable coins are backed by USD, then what is the point? That means these cryptocurrencies ie stable coins are making usd more powerful. I think everyone who knows about these kinds of things well, they all will agree with that. If there the stable coins were backed by some other fiat currency then there would be a possibility that those stable coins will do de-dollarized. So I think such stable coins will increase the dollar's strength and actually prevent De-dollarization.

We have to agree with your opinion. Most stablecoins are backed by dollars, which essentially means that the dollar is a non-cash currency, only in the world of cryptocurrency. Therefore, such stablecoins fuel and strengthen the dollar, as they provide increased liquidity.

But for the stability of the cryptocurrency market, it would be better if stablecoins were adequately backed by other world currencies, such as the euro, pound, yuan, and yen.