If bitcoin does not convince people to not use CDBCs, stablecoins won't do the trick.
Those people will always use whatever the State tells them to use.
Discussion
Or whatever provides them personal value. Take tik tok and TCP/IP. I'm not a fan, but it herds the sheeple into using the protocol because of their personal perception of a value gain. If you get enough sheeple involved, and then the government wants to take it away, you can throw sheeple bodies at the political process. Democracy is very hackable in this way.
This is the unfortunate reality. Most people think a currency must be backed by a government and can’t imagine an alternative. And of course, governments reinforce this idea through propaganda.
A well managed stablecoin retains the perception & effectively the same monetary policy of govt currency, but potentially offers greater benefits. Being outside of the legacy banking system could prevent govt capital controls from being inescapable, causing govt to have to walk things back in order to save face.
