Don't you remember UST ? This is laughable. They kept the description on MarketCap "provides several benefits that have made it a stand-out stablecoin competitor" "gained the reputation as the most scalable stablecoin" LMAO
UST is an algorithmic stablecoin which is very different than fiat-backed 1-to-1 stablecoins like USDT, USDC, GUSD, BUSD, USDP
I think in understand stable coins; they are basically US dollars. Who is using them and is their use widespread? When you refer to unbankable countries are these stable coins used as a medium of exchange or just as a store of value?
Edit: both In Argentina, Tethers are exchanged with a premium in black markets same as US $ notes https://www.bloomberglinea.com/engl...er-as-hedging-after-economy-minister-resigns/ https://cryptopotato.com/lebanese-embrace-bitcoin-and-tether-amid-total-economic-crash/ https://forkast.news/myanmar-shadow-government-uses-tether-in-its-fight/ https://www.wsj.com/articles/turks-pile-into-bitcoin-and-tether-to-escape-plunging-lira-11641982077
Coinbase is willing to take 65 Billion USDT crypto assets from everyone and give everyone the fully-backed US company stablecoin USDC? Coinbase will not charge any fees to Tether holders Out of the goodness of Coinbase heart... lmao I don't think so