>The "stable" refers to the absence of massive short-term volatility.
Nope, See my reply, stable refers to pegged to something and thus stable in value to that something.
The absence of massive short-term volatility is not a property of stablecoins its a property of pegging to something without massive short-term volatility.
Stablecoins exist in the Fiat world too. For example the Bahamian dollar is pegged to the US dollar on a one-to-one basis. So its a Fiat USD stablecoin. It doesn't have a long term stable value (buying power) just like the USD does not.
Nope, See my reply, stable refers to pegged to something and thus stable in value to that something.
The absence of massive short-term volatility is not a property of stablecoins its a property of pegging to something without massive short-term volatility.
Stablecoins exist in the Fiat world too. For example the Bahamian dollar is pegged to the US dollar on a one-to-one basis. So its a Fiat USD stablecoin. It doesn't have a long term stable value (buying power) just like the USD does not.