Comment Re:Finally, an answer (Score 1) 32
Maybe, but, more importantly, stablecoins are the only part of the crypto world that isn't a giant tulipmania bubble. Imagine you develop a payment card with an ARM chip in it, or a phone app or whatever, that lets you transfer bitcoins to a merchant at a cash register. Cool tech, but useless, because what merchant in their right mind wants to take payment in fake money?
Now imagine the same thing, but it's a stablecoin backed by $1 deposited in an escrow fund for every $1 token issued, and imagine the transaction fee is 0.1%, versus the 3%+ merchants currently have to pay in card processing fees.
Now your tech has just put Visa and Mastercard out of business.