BITCOIN as an alternative to regular currency

[GranpaChook]

Stablecoins do. USDT is the biggest I think. They're always pegged to the dollar.

How do they peg it?

Wasn't there one that was supposed to be pegged but suddenly wasn't?

Yep, I think that was the Terra-Luna one. I think that was really dodgy as they had their own stable coin and native token. So the stable coin was backed by the token (which was obviously worthless). When the token crashed the stablecoin was no longer stable and the whole thing went caput. The owner was arrested for fraud in the end I believe.

To be honest, anything outside of Bitcoin is a total scam and should be veered clear of. Bitcoin itself you can debate for hours but it is at least decentralized and doesn't have a CEO or owners manipulating the supply at the drop of a hat. Genuine stablecoins do have their use (as you have alluded to as a bridge to Crypto betting platforms) and they *should*, theoretically be stable.

[Euler]

Y, I did some more research this afternoon to check how it was pegged to the dollar and how the underlying company works, etc. In theory, it should work. But a lack of regulation means it's not impossible there could be a problem. But regulators aren't known for spotting issues anyhow!

[ruthlessimon]

I can't lie, I'm impressed with how well BTC has held up despite all the craziness right now.