Do you see how USDT is been deployed back to other chains that are safe and faster than Ethereum, they are doing that because of the demand from those chains because Ethereum is killing retail investors with gas fees, and the average person couldn't enjoy using stable coin because what you will be using as the gas fee is enough to use for other stuff, the fees are so high that the more are burned on the Ethereum chain and mint on safe and fast chains.
Now compare Ethereum with Bitcoin, do you think Bitcoin will survive this pain of gas fees? Ordinals were trending just two weeks ago and the mempools became congested with many unconfirmed transactions, what do you think will happen to the Bitcoin network in a Bull run when there will be demand for Bitcoin and stablecoins, an average guy wouldn't be able to cover that costs of transaction and the network will become useless.
Yes, we have already discussed in the thread that the scale of issuance of all token records with Ordinals turned out to be very small, and obviously this does not correspond to the needs of any possible stablecoin. Therefore, most likely some scammers will decide to play on the popularity of bitcoin, the trendiness of Ordinals and the imitation of stability in the word stablecoin. This is if we do not take into account that in general all stablecoins as centralized projects are very unreliable, and even if the one try to release them on the basis of the bitcoin blockchain, this will not change.
The real value in the bitcoin blockchain is only in bitcoin.
