What you said here is really important and needs more 'coverage'. IMO the whole situation is really bizarre...

A 'stablecoin' is just a 'private dollar'. It's just a token, issued by a company, managed and controlled by a company 100% (that can be frozen anytime anywhere) that people can use. That's it.

It's fine. But it's not 'crypto' like we think of Bitcoin. Or even Monero. Or even something like ethereum.

Stables are 100% centralized... and they literally mirror the value of a Dollar or Euro or fiat.. Somehow magically the government thinks that Stables will 'increase the demand' for US Treasuries... and maybe they will in the short term.

But they're not a 'new greatest crypto' they're literally just Dollars and private ones.

If I were the government I wouldn't put so much trust in Tether and Circle etc etc... I don't understand why people are 'flocking' to this and think it's so great.