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Interesting take! How is the audit done for the stable coin by the way... who controls how it is issued?
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Interesting take! How is the audit done for the stable coin by the way... who controls how it is issued?
deleted by author
Having USD universally available outside of US would be a huge deal for many people in the world. USD is more stable than most of other currencies, so that would be a clear win for people in Africa, parts of Asia, etc. Some people just can't afford going cold turkey into BTC. If you live off a business with thin margins and you would go BTC only, then the current volatility of BTC can make you bankrupt/insolvent in a day...
Essentially enabling the world to have actually stable stablecoin is moving from 0 to 1. It makes it much easier to jump from 1 to 100 by moving to Bitcoin later :)