I am not optimistic about any Web2 company successfully creating stablecoins. I am optimistic about:

The compliant stablecoin USDC from the combination of Circle and Coinbase

The third-world and underground stablecoin USDT from Tether

The stablecoin BUSD that Binance may return to after regulatory clarity

Because within Web2 companies, stablecoins have no real application scenarios, no special advantages, and their internal priority is extremely low, lacking any competitive edge compared to the three above

I am not optimistic about decentralized stablecoins; they are meaningless, as the regulatory pressure is too great. BTC and ETH can replace their functions.