Although both rely on blockchain, the two are still different things.
To put it simply,
A stablecoin is like copper, cast into the shape of a coin and marked with a fixed denomination.
Bitcoin is like gold; its supply is limited, it needs to be mined, and its price has significant fluctuations, making it 'unstable'.
What other differences are there between the two?
Similar to gold, Bitcoin also has virtual currencies that require mining, such as Ethereum (which no longer requires mining).
Stablecoins, like copper coins, can be replaced with other materials, such as aluminum or other alloys. As long as they are shaped like coins and marked with a denomination, it is sufficient.
So, what exactly is a stablecoin?
A stablecoin is a digital currency anchored to real assets. For example, USDT and USDC are pegged to the US dollar, 1 USDT ≈ 1 US dollar.
In addition to being pegged to the US dollar, they can also be pegged to other fiat currencies, as well as US Treasury bonds or other assets.
Stablecoins are essentially a type of token and are not very different from Q coins; however, their usage is limited.
Take Q coins as an example, Q coins can be used to purchase virtual goods or services from Tencent.
A QQ membership costs 10 yuan for a month, if you have Q coins, 1 Q coin costs 1 yuan, so you can also pay with 10 Q coins.
Renminbi can be used to purchase QQ memberships and buy goods in supermarkets, whereas Q coins can buy QQ memberships but cannot be used in supermarkets because Q coins are not fiat currency.
However, Q coins and virtual currencies are still different.
Q coins are simply a matter of changing a number in the system, and they can be issued without restriction.
For stablecoins, the value of the stablecoin corresponding to the fiat currency does not change; however many stablecoins you want to issue, you must have the corresponding amount of fiat currency, regardless of inflation or deflation, it will not change.
