I wonder if that could be done and what the effect would be.
One effect is that I wouldn't be buying BTC, because with no price volatility, how could I ever make a profit? But one good thing is that normal companies may be more inclined to use Bitcoin, since its price is now fixed and does not change.
I dont think its possible. It will not seriously come up in the market if the coin just stays in a place. I understand USDT marketcap increases day by day but too many coins with the same features will not bring the expected results. Crypto's demand just depends on its fluctuations.
overall market which using it up to make conversions if the market has a horrendous situation where you do like to stabilize your crypto holding to fiat holding.
Volatility is always been the number one thing on where most people prefer because with this it can really give out chances to get huge profits but well in return it do give higher risk on losing too.