Eh, I disagree with that. Because there are plenty of stable coins (through various means of differing effectiveness). But despite the stability, the technology makes it worse than cash in every conceivable way.
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Yes the stablecoins are pegged to some currency like USD. They're not their own currency. Why bother using them then when you can just use the original currency they're pegged to.
All else being the same the tech does matter, that's true, but the ambition of cryptocurrencies is (was?) not to be the same, so don't come arguing with stablecoins.