On the one hand, the objective should be that Bitcoin is the reference and not fiat.
I disagree. Bitcoin is much too volatile to be a pricing mechanism. Also, contrary to what the online gold bug economists believe, the USD is not going to collapse. It is still the standard which the world operates and will be for a long time.
On the other hand, we all fear that one day one of these stablecoins will disappear and create a huge credibility problem.
Not HBD. That is onchain and no question of the ability to keep going regardless of what the regulators do. Plus there is no central entity behind it.
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"Bitcoin is much too volatile to be a pricing mechanism."
I do not agree if you are the reference, the volatiles are the rest. In the BTC-USD pair, Bitcoin is as volatile as dollar, which makes Bitcoin volatile with the rest of Fiat because they are all referenced to dollars.