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colordropsyesterday at 11:22 PM5 repliesview on HN

Exactly. Stablecoins make zero sense.


Replies

pants2today at 5:44 AM

Unbacked stablecoins like USR make no sense - but USDC is one of the few real uses that crypto has.

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SubNoizetoday at 1:21 AM

Micro transactions? Giving agents access to money ?

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boringgtoday at 1:10 AM

Unless you are also trying to prop up the us government by buying treasuries (us based stable coins)

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koakuma-chanyesterday at 11:28 PM

you can send them around easily without having to deal with bullshit payment systems

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Saline9515today at 12:22 AM

Stablecoins enable cash-like (instantly redeemable and verifiable) payments for large amounts, for almost free.

In EU countries, you can't now buy a car with cash. You have to buy a bearer's check from your bank, which is expensive, requires that both parties have a brick and mortar bank, and doesn't work cross-border. Stablecoins solve this.

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