There's no such thing as a decentralized stablecoin. If it has a stable price, it's because it relies on an underlying value. In this case it's a derivative of debt (because fiat is debt). I'd never touch a stablecoin that wasn't regulated and backed 1:1 in reserves custodied by a chartered bank, same as I wouldn't touch a company stock that wasn't listed on an exchange and regulated by the SEC. No legitimate business will ever accept a counterfeit dollar, and they shouldn't. And the US government will never allow them to significantly proliferate. And they shouldn't. Bitcoin is the decentralized money. Stablecoins play tag with sovereign debt, and if anyone wants to play that game, they should follow the rules, and not try inflating the currency that they complain inflates too much.