Hello @alokkumar121

Regarding your questions of whether I believe that stablecoins can be used as an alternative to fiat currency, my answer in YES, even in my country Venezuela there is an experience that has been working basically developed a stablecoin with minimum fluctuation whose value is anchored to the price of oil. From my perspective you can create stablecoin and instead of issuing printing units without any justification that end up creating inflation, these stablecoin can be anchored to precious materials such as gold or even oil.

Best regards, be well.