I see stablecoins as a bridge between fiat and Bitcoin. USA appears to be using them to also prop up the dollar and compete with other digital trade payments protocols such as mBridge that China and BRICS have developed and CIPS.
Very few nation states or large businesses are using Bitcoin for trade payments- the contest for that is between the USA and China/BRICS.
Hard to see Bitcoin competing on trade payments although hopefully it might happen in the future.
I see stablecoins as a bridge between fiat and Bitcoin.
USA appears to be using them to also prop up the dollar and compete with other digital trade payments protocols such as mBridge that China and BRICS have developed and CIPS.
Very few nation states or large businesses are using Bitcoin for trade payments- the contest for that is between the USA and China/BRICS.
Hard to see Bitcoin competing on trade payments although hopefully it might happen in the future.