Yeah but which stablecoin? From which issuer? On which chain?
If I have USDC on Ethereum but the vendor only takes USDT on Tron… but both my bank/exchange and the vendor take Bitcoin on Bitcoin…
Much more likely to see USD denominated end-user balances with bitcoin settlement, ala strike
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I don't care, it's not my party or my beer.
I can currently receive Tether on 6 chains & instantly swap it out for liquid BTC. I don't have a way to easily receive circle yet in the same way. It's pretty impressive since I have no idea how any of these shitcoins work aside from liquid & I'm not about to waste more time that I need to on them.
Having tether available gives me more ways to buy stuff from people who don't know what money is. It's not my first choice of currency but I'll take it if they have it.
I think you underestimate the incentives driving the proliferation of stable coins. They're more about financing USG debt than cheap, easy USD denominated payments. They'll figure out a way to make it easy & convenient for normies even if they have to choose a winner.