Quote:
Originally Posted by Wayne 962
So, I don't really understand why anyone would hold a stablecoin. That doesn't make any sense to me. Take a US Dollar and convert it into something else that is far less of a credit risk (far, far less), but also keep all the risk of the US dollar and inflation? Unless I'm missing something, that doesn't make sense. It only seems to make sense if there is an intangible benefit that I'm not seeing, like being able to use it easily for illegal activities. That's pretty much the only thing I can think of?
-Wayne
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I think you misunderstand the uses of stablecoins, and personal bias informs your conclusions. Look into the decentralized finance space. Many governments will be coming out with their own "stablecoins" soon.