You can have a stablecoin.
You can have sound money.
But you canβt have both in the same asset.
Discussion
once everything is priced in Bitcoin, we will have a stablecoin and sound money in the same asset. π
If itβs the unit of account sure it becomes βstableβ in the same way gold was under the gold standard.
But it doesnβt become a stablecoin, it literally replaces the very need for one.
Yeah, I guess it depends on "what it should be stable against". If the answer is "against goods", we can have Bitcoin as stablecoin - my beer will cost me the same ammount of sats :)
But if the definition is "stable against some other currecy", you are correct
Stablecoins need to be renamed to USD coins. Words matter and I think a lot of regular people are gonna get burned long term saving in a "stable"coin.