So I’ve been reading into stable coins a lot, because I don’t understand why anyone would care about them. And what I’ve come to realize is they are a benefit to two groups:

• Financial institutions: Stablecoins have fewer regulations and basically allow for things you can’t do with actual dollars/currency
• People with limited access to financial institutions (think poorer people and/or countries): With fewer regulations it’s easier for people to transact Stablecoins than dollars/currency

At the end of the day, it feels like a “true” digital currency would be the better solution, but everyones jumping on Stablecoins because they’re here now and less regulated.

I think there is potential in a more cash-like digital currency, but Stablecoins seem ripe to break in some unforseen way, especially given the current administration.