There are many ways to make a stable coin. All of them require some amount of centralization. Centralization = a throat to choke. If the US wants to shut down a stablecoin, they can.

I'll be honest I'm not sure about how the stable coin works, nor have I thought that much about whether the US or other powerful country could censor transactions. I suspect their opreating companies could fall out of favour just aas easily as they won it.

billytheked

If stable coins can do this better than Bitcoin, then, yes, they will kill it. I, however, am inclined to believe that stable coins will feel the jaundiced gaze of the state on this front, and will be compelled to curtail "illegal" transactions.

Bitcoin, on the other hand cannot curtail transactions, because no transactions are illegal.

bitcoin

Opinion: Stablecoins, the new kid on the crypto block, may be killing Bitcoin

> > estimates of the volume of illegal transactions using Bitcoin suggest that a majority (60 to 85 per cent) of such transactions may have migrated to stablecoins.

If stable coins can do this better than Bitcoin, then, yes, they will kill it. I, however, am inclined to believe that stable coins will feel the jaundiced gaze of the state on this front, and will be compelled to curtail "illegal" transactions. 

Bitcoin, on the other hand cannot curtail transactions, because no transactions are illegal.