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.
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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.