Stablecoin is not only a means of payment in cryptocurrency, but also a bridge between the financial property and the use property of the token.
The biggest stablecoin is the USDT for Tether, but I'm not bullish on it because it doesn't have a real entity.
The most successful one in my opinion so far is DAI, but it still has a lot of problems. I expect to see stablecoin with different solutions.
Standard Protocol is an innovative stablecoin project that I have seen recently.
Let's discuss with anyone who is also concerned about stablecoin.
How can someone be bullish on a stablecoin? I mean you don't use them as an investment and hope that they increase in value because as their names already say their price is stable. So their main use is, at least for me, to store you value safely, if you don't want to use it for a while and still don't want it to transfer into real FIAT yet.
As for which stable coins is the best. USDT is still the biggest so far but it has always this rumours surrounding it, that i may be not backed by real USD 1to1 anymore because the company made irritating statements a while ago, so many think that USDC is more secure for example.
With current private and other commercial stablecoins, it's pretty straightforward. But what the stablecoins of the central banks of states will be like and what their relationship with the cryptocurrency will be is not yet so clear. Moreover, in fact, one of the largest and first of them - the digitized Chinese yuan will not be based on blockchain technology. When stablecoins of states appear en masse, they may conflict with current stablecoins, and in this case, states can restrict their circulation up to a complete ban. Therefore, the story of stablecoins will still continue.