Will stable coins take control of Bitcoin as crypto adoption in the future?

[DapanasFruit]

Stablecoins are playing a very vital role in managing risks and controlling the usual volatility of top cryptocurrencies. And they are doing good business as well but I don't see a future where stablecoins are taking the most control and wading out Bitcoin or any other coins. We have to remember that stablecoins can be compared to the fiat money but digitalized and that is why they are usually backed by values outside of cryptocurrency so they can be stable. Now, we have to be honest, that all of us here in the world of cryptocurrency are not actually here to enjoy stablecoins because there is limited returns in there and overtime since their value is fixed in US Dollar then that means that you are also fighting the usual inflation associated with fiat money. Do we think that if BTC has fixed value, most of us will be here?

[bluebit25]

It will impact in many ways, the role of stablecoins in this market has been an integral part. 
I think stablecoins will have a positive or negative effect depending on the current market trend.

[revilo]

It will impact in many ways, the role of stablecoins in this market has been an integral part. 
I think stablecoins will have a positive or negative effect depending on the current market trend.

The market trend has absolutely nothing to do with the situation of stable coins. I would love to hear your reasoning that led you to your post... Nah, better keep it to yourself.

Stable coins are a perfect bridge between crypto and Fiat and they will be forever. Just the technology that those stable coins are based on will vary and change over time. There are already several approaches to providing a stable coin, most of which are centralized.

[X-ray]

what make people interested in crypto is its volatility, or more like stocks where your money could grow from it, meanwhile with stablecoin as it's pegged with dollar it's not gonna grow as much as crypto or stocks, then if that's the case why take the hard way to use stablecoin as payment method if it's rather centralized and more complicated than using centralized services like paypal?
I doubt stable coin will take control in the future crypto adoption, it's a coin owned by a company where they can freeze your money, no point in using that kind of coin for making payment.

[CokeCoin]

Stablecoins have not yet been properly audited and it is still not known exactly how these assets are secured. Although Tether claim that USDT is tied to dollar, the big part of crypto community doesn't trust it. It may turn out as a governmental attempt to destroy cryptomarket from inside but even if it's true I don't think it will work out.

[Ararbermas]

why not, if people want more stable coins then stablecoins are the right choice. and bitcoin can be an option other than a means of payment. but still even if stablecoins are mass adopted, bitcoin will still be the number one crypto.

yes you're right bitcoin will be the number one as always and no other assets can take control on it.. Wherein stable coin is just for the volatility but of course we need more some of that kind of asset in the space because they're are very useful if we want keep our money safe, especially when there's a problem in the market they're very reliable.

[bluebit25]

It will impact in many ways, the role of stablecoins in this market has been an integral part. 
I think stablecoins will have a positive or negative effect depending on the current market trend.

The market trend has absolutely nothing to do with the situation of stable coins. I would love to hear your reasoning that led you to your post... Nah, better keep it to yourself.

Stable coins are a perfect bridge between crypto and Fiat and they will be forever. Just the technology that those stable coins are based on will vary and change over time. There are already several approaches to providing a stable coin, most of which are centralized.

Despite being hit hard lately, the nascent DeFi sector has held its own with decentralized exchanges. Overall, stablecoins have done their job well and held steady across the ecosystem with on-chain stablecoin transfers hitting record levels during the peak of the sell-off. Personally, I think the impact will be more obvious in the future when the CBDC issue is deployed into this market.

[poodle63]

It will impact in many ways, the role of stablecoins in this market has been an integral part. 
I think stablecoins will have a positive or negative effect depending on the current market trend.

The market trend has absolutely nothing to do with the situation of stable coins. I would love to hear your reasoning that led you to your post... Nah, better keep it to yourself.

Stable coins are a perfect bridge between crypto and Fiat and they will be forever. Just the technology that those stable coins are based on will vary and change over time. There are already several approaches to providing a stable coin, most of which are centralized.

Despite being hit hard lately, the nascent DeFi sector has held its own with decentralized exchanges. Overall, stablecoins have done their job well and held steady across the ecosystem with on-chain stablecoin transfers hitting record levels during the peak of the sell-off. Personally, I think the impact will be more obvious in the future when the CBDC issue is deployed into this market.

If you truly hoping that when CBDC is rolling out it's gonna be available in decentralized market then be prepared to be disappointed
the point of government making CBDC is to take advantage of crypto technology while also preventing it from conquering their economy.
I can't imagine the government letting CBDC running wild without their control, but one thing for sure CBDC not gonna replace stablecoins.

[LimLims]

A stablecoin is a cryptocurrency that is backed, added, or backed by an underlying asset. low volatility with stablecoins being the main benefit to continue to attract both individual and institutional interest. Exchange rate stability is useful for both holders and those trying to integrate Bitcoin and other cryptocurrencies into the wider financial system.

I can give you mixed opinions on this matter OP.
There are equal possibilities that stablecoin can overcome BTC and tbh, the potential can be seen in ETH and LTC.
But still BTC is father of all coins.
To come to the level of Bitcoin, the stable coin need to be stand out from the crowd.
If the coin’s marketcap increases gradually and overcome BTC’s rule, then no doubt it will take control of Bitcoin.

[QueenVera]

A stablecoin is a cryptocurrency that is backed, added, or backed by an underlying asset. low volatility with stablecoins being the main benefit to continue to attract both individual and institutional interest. Exchange rate stability is useful for both holders and those trying to integrate Bitcoin and other cryptocurrencies into the wider financial system.

Stablecoin could overthrown Bitcoin at the most valued coin according to market capitalization but that won't be happening anything soon. Maybe when Bitcoin has exhausted it's hyped then the stablecoin can come in to have a piece of the cake but until then no altcoins van be said to overthrown Bitcoin as without Bitcoin, there's no cryptocurency.

Several altcoins has tried but will keep failing since they're yet to understand how the space was meant to function. Stablecoin has potential in them to get global adoption since they're less volatile than other cryptocurency currently in existence although there has to be billions stored in them for that to be achieved.

[pinoycash]

although bitcoin was the first crypto and had the goal of being a decentralized currency but it would lose if the government released their own stablecoin. A fully legal stablecoin will be easier to accept, which is why it will be fast for mass adoption.

You mean USDT in ETH platform, I did it once and i paid more fees than the amount i paid for  I see more of DOGE getting mass usage in the future that bitcoin. Since bitcoin will remain as a store value comparable to gold in the future.

[husdemba]

This idea is very useful, but it will take time to implement. In such a case, cryptocurrencies become very valuable and Bitcoin dominance decreases. Not now, but stable coins will be popular in the future. We will monitor these changes over time.

[Xinarae*]

although bitcoin was the first crypto and had the goal of being a decentralized currency but it would lose if the government released their own stablecoin. A fully legal stablecoin will be easier to accept, which is why it will be fast for mass adoption.

Yes bitcoin is decentralized so there is no government control here so it will take a long time to become a stable currency. Even if the government supports it in the future it will take time to control the digital currency and make it easy for the people.

[S3300]

Can't make a dime from stable coins that's why no one cares about them much as highly volatility coins like BTC, I think they can co exists side by side just like today in future, the reason why coins like BTC makes lot of sense if the profit and loss feature.

[TWW]

This idea is very useful, but it will take time to implement. In such a case, cryptocurrencies become very valuable and Bitcoin dominance decreases. Not now, but stable coins will be popular in the future. We will monitor these changes over time.

stable coins are assets to secure the money that we use in investing or trading in certain situations.
while altcoins have a very fast development, so does bitcoin.
I doubt its popularity will overtake bitcoin in the future. the use of cryptos other than stable coins, such as altcoins and bitcoins may in the future get better trust. even in its use in payment instruments such as digital fiat.

[wxa7115]

although bitcoin was the first crypto and had the goal of being a decentralized currency but it would lose if the government released their own stablecoin. A fully legal stablecoin will be easier to accept, which is why it will be fast for mass adoption.

Not really, a stable coin created by a government will be even worse than the fiat currencies we are using at the moment, maybe the average person is going to fall on this and adopt those coins as the sheep they are but for people like us this is going to be impossible.

We know the differences between fiat and bitcoin and it is because of this we choose bitcoin, I only keep enough fiat on hand for my everyday needs and for an emergency fund, everything else goes to bitcoin as it does not really make a lot of sense to keep holding fiat when just during the last year governments printed so much money that they are even putting the whole economy at risk with this experiment.

[TheGreatPython]

Although it may possible but I think it won't happen. Because we all know how Bit coin behave in the market. Whenever Bitcoin swing, everybody's coins are almost affected. Stable coins are stable and cannot give much excitement and x20 profit in my point of view.

From a trader's point of view, I guess stable coins don't offer much because the price like you said is stable and bring no value in holding them for longer periods.

But from a service provider or marketplace point of view, I guess stable coins can easily take over the market because a lot of service providers I talk to, often tell me that they don't accept crypto because of the price volatility and with stable coins they can easily accept crypto while not even worrying about price swings at all.

Earlier most of my trades used to happen in the altcoins/BTC market but now I usually trade in altcoins/USDT and BTC/USDT so indeed stable coins are useful but not from a holder's point of view but as a payment option.

[Woodie]

Just incase people haven't noticed,  one of the reasons  bitcoin is so popular is because it's speculative and volatile. 
So what does this mean, if you are a trader and want to make money off an asset, you need one that has big moves and bitcoin fits in well, unlike the stable coins you comparing it to which have unnoticed moves.

[Kena Banned]

A stablecoin is a cryptocurrency that is backed, added, or backed by an underlying asset. low volatility with stablecoins being the main benefit to continue to attract both individual and institutional interest. Exchange rate stability is useful for both holders and those trying to integrate Bitcoin and other cryptocurrencies into the wider financial system.

No it will not, it will against the main idea of cryptocurrency, being Decentralized. The idea of Stablecoin is only for trader who want to trade their coin.

[LordMiguel]

No way. stablecoins are like fiat money. there is a reason why they are called stable coins. there value increases due to purchasing power and decreases when not in use. bitcoin is a store of value just like Gold where any one can invest and wait for long term. it is an investment and a long term. Also it depends on what na dhow the investor tends to use it.