Regulated stablecoins do not compete with bitcoin.

They can be censored and/or seized at will by the centralized regulated company that controls them.

They do not even compete with Tether - which also relies on a centralized company that can freeze or seize funds but has a long track record as black market money.

Tether will ultimately fail. Bitcoin will outcompete all other monies.

This has been obvious for years yet few understand this. Stay humble and stack sats. 🫡