Stable coin is based on a stable coin.
Imagine a stable currency that appreciates over time.
Then it's not a stablecoin.
May this currency be guaranteed by its open reserves.
And your reserves increase and never decrease.
Where does the reserve and my trade secret come from.
But think of it this way
Today you have 1 token worth 1 usd
Tomorrow this 1 token is worth 1.0001 usd
1 year from now this 1 token is worth 1.1 usd
Demand and supply dictate the price of an asset otherwise it ends up being a ponzi scheme.
Cash rises according to token demand.
.......
It does not depend on markets to appreciate itself.
You are contradicting yourself. How do you end up with token demand without a market?