Stablecoins Might Be Better Than Bitcoin For Payments, But Maybe Not For Long

Stablecoins offer most of the benefits of bitcoin (BTC), but without any of the volatility. In fact, certain observers believe that the advantages of stablecoins over BTC are so significant that stablecoins such as USDC, PAXOS, USDT, TrueUSD and Dai will effectively kill off any chance BTC has of becoming a widely used means of payment.

There’s plenty of anecdotal evidence, but all of the payment platforms which let you pay using a limited number of stablecoins, also let you pay in bitcoin and ethereum (ETH), among other cryptoassets. However, other people – particularly those more involved with Bitcoin – disagree that bitcoin’s volatility is at a level that prevents it from being usable as a means of payment.

Timeline of Bitcoin, Trueusd, Ethereum, Tether, Usd-coin