Optimal initial conditions for transient growth in a two-dimensional boundary layer flow correspond to stationary, counter-rotating vortices that subsequently develop into streamwise elongated streaks, which are characterized by an alternating pattern of low and high streamwise velocity. For incompressible flows, previous studies have shown that boundary layer modulation due to streaks below a threshold amplitude level can stabilize the Tollmien-Schlichting instability waves, resulting in a delay in the onset of laminar-turbulent transition. In the supersonic regime, the linearly, most-amplified waves become three-dimensional, corresponding to oblique, first-mode waves. This change in the character of dominant instabilities leads to an important change in the transition process, which is now dominated by oblique breakdown via nonlinear interactions between pairs of first-mode waves that propagate at equal but opposite angles with respect to the free stream. Because the oblique breakdown process is characterized by a rapid amplification of stationary streamwise streaks, artificial excitation of such streaks may be expected to promote transition in a supersonic boundary layer. Indeed, suppression of those streaks has been shown to delay the onset of transition in prior literature. Consistent with those findings, the present study shows that optimally growing stationary streaks indeed destabilize the first-mode waves, but only when the spanwise wavelength of the instability waves is equal to or smaller than twice the streak spacing. Transition in a benign disturbance environment typically involves first-mode waves with significantly longer spanwise wavelengths, and hence, these waves are stabilized by the optimal growth streaks. Thus, as long as the amplification factors for the destabilized, short wavelength instability waves remain below the threshold level for transition, a significant net stabilization is achieved, yielding a transition delay that is comparable to the length of the laminar region in the uncontrolled case.