From a stablecoin perspective holding USDC or USDT is almost like having a bank account with a bank who, for the most part, allows you to maintain your privacy as an individual. They don't need a name, address, phone number, etc. They also run on infrastructure that exists beyond any single jurisdiction and spans countries and continents. This means that bank account can be used anywhere that has internet and people willing to transact. No government can keep you within their confines by holding your funds hostage nor can political leaders (or others with positions of power) use those controls to silence public outcry or civil disobedience.

> It's actually riskier in every meaningful way

That statement is only true to you, not everyone.