People don't like the US dollar, but they replicate it with all the stablecoins we have in our ecosystem. :)
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People don't like the US dollar, but they replicate it with all the stablecoins we have in our ecosystem. :)
LOL I know...
But love it or hate it, it's the standard, for now. The dollar reminds me of a middleman, you don't trust the person your doing business with, and you don't like paying the middleman, but you always use him to safely transact business. But the future may be devoid of dollars, as stablecoins and DeFi credit facilities create arbitrage opportunities for the common people that the banking system reserves for the wealthy.
Thing is you can do stuff with stablecoins on ethereum that you can't with dollars in a traditional bank account. (e.g. moving large sums for small fees, lend in secondary markets, do arbitrage etc..) And the use-cases seem to be increasing very rapidly.