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Will multi-asset backed stable coins replace bitcoin in the long run?

Bitcoin Reddit

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I have recently came across this new concept(to me at least) of multi-asset backed stablecoins or super-stable coins, which basically indicates a stablecoin not backed by only one asset, but by a basket of assets that can be many things like gold, indexes, shares etc. The interesting point to me is that this diversification could create some more stability for this coins and at the same time beating inflation rates. One example of this is project

I must confess that I wasn't always an enthusiast of bitcoin, and it did surprise me how it has grown into the beast it is today, still, because of its volatility, it has not yet been largely adopted as an alternative currency for day to day cases. It seems to me that even if it becomes more stable, bitcoin will always be vulnerable of sudden price changes when a whale sells a lot or if a bull market gets a lot of people and institutions buying it in a short time, making the price change rapidly.

Is it fair to believe that a cryptocurrency backed by multiple assets would beat bitcoin in mainstream adoption in the long run?

submitted by /u/ExhilaratedChess
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