There is yet to be a fiat currency that is stable. Each and every one is inflationary, and increasingly so now that they’ve been moved from the gold standard to now an unbacked fiat currency system.
It will be a very long time until Bitcoin achieves a stable price, perhaps after all the bitcoins have been mined we will see a somewhat stable price. There’s no way to control its deflation rate however without being able to control the supply of bitcoins... since there’s a cap of only 21 million coins to exist, we’re set up to see some wild deflation over time.
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Thanks for the reply @heiditravels.
Yeah, I agree that it will take a very long time before Bitcoin becomes stable on a day to day basis, but we have already seen Bitcoin stable on a month to month basis with gradual increase in value over time (ignoring the crazy price action at the end of 2017). Of course, we will still see huge price movements up and down.
With fiat currency, yes they are inflationary but it's on a level that most people don't notice year on year (unless you live in Venezuela). With stable coins, the supply is not large enough to reproduce this. Steem, for example, started out with an aim of being pegged to the US dollar, but it ended up pumping to $8 during the Bitcoin bull run.
That's just my 2 cents, though. 👍