Maybe I am somewhat stuck in a rut, but when I think about stablecoins, my mind always drifts back to my initial hopes for crypto: Utility.
When I have a stablecoin, I am either looking for it to be a store of value, or I am looking to use it for something. Hence my years of harping on about the need for crypto-based decentralized peer-to-peer marketplaces for pretty much all the things we do and use in life.
We talk about crypto as an alternative (or replacement, even?) for the legacy systems, so let's start with "where can I USE this stuff?" Yes, I know, "these things take time..."
Unfortunately, utility keeps getting lost in the mix because it is far sexier to tempt people with piles of "free and easy money" and skyhigh yields. And so, 99% of the focus and energy is poured into that.
From where I am sitting, that feels a LOT like using the "Free beer and BBQ!" sign to fill your restaurant with people to show the world "how busy" you are... rather than learning to fill your restaurant with paying customers because your actual food and service are SUPERB.
=^..^=
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