In recent decades, the credit currency issued by central banks has merely been a transitional product that meets government needs during a specific historical phase. In the future, when humanity looks back at fiat currency, it will be akin to how we view ancient and modern people using gold as a medium of exchange.
Bitcoin is currently in a stage where its value is being discovered by the market. Due to its significant price volatility concerning goods, it cannot fulfill the functions of currency, but this is temporary. As prices gradually stabilize, its "monetary attributes" will inevitably overshadow its "asset attributes," evolving from a "store of value" into "electronic currency."
Bitcoin payments will become the mainstream form of payment for humanity. However, since the Bitcoin main chain cannot directly support large-scale payments, this will be accomplished through different payment networks by encapsulating Bitcoin (such as Bitway/Lightning, etc.).
Ultimately, all fiat currencies will be priced based on Bitcoin. This is not without historical precedent, just like the gold standard of the past. Therefore, there is only one true stablecoin: Bitcoin. USDT/USDC should be named "US Dollar Coin/Fiat Coin"; they are merely transitional solutions that will eventually be swept into the dustbin of history.
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