Based on what? Your intuition? The same intuition that kept you on the wrong side of one of the most historical bull markets in history? You can have your intuition, but numbers don't lie. Tokenization and the internet of money is growing rapidly. 18 months ago DeFi had less than $1M dollars in it. Today it has $115B and growing rapidly ( https://defillama.com/home ). Legacy institutions are forking the EVM to create their own side chains. Governments will be moving to CBDCs en masse soon. Wake up. Or don't.
There are quite a few legit usage for stablecoins, although some of them may be criminal. In short with a stablecoin you get all the advantage of a crypto (easy and quick to transfer, etc.) without the instability of the price. If your stomach can't handle the huge price fluctuations or you don't know where your crypto's price is going to be in 6 months, use a stablecoin. Of course the user of a stablecoin has to assume that the peg is going to be maintained forever. As we know that is a huge assumption/trust, but let's forget about it for now. So here are a couple of legit usage, again, you don't wanna gamble on your crypto's future price: --You own a brokerage in Malta, but you don't want to deal with KYC laws, regulations, etc. Your customers still want to cash out occasionally. A stablecoin lets them to do it without actually using the US dollar, thus your brokerage can fly under the US jurisdiction's radar. --You are a Mexican druglord and you don't want to buy more hypos or build another fortress and you have a problem with rats who eat your cash about 10% monthly.(true story) So you keep all those sweet drug money in stablecoins until you wanna buy some other exotic animal. --You are a fairly rich Chinese citizen and you don't want your government to know just how much money you have made. You may also want to use those money on abroad. Thus you put it in stablecoins and nobody is the wiser. --You are planning to divorce your wife. So you start to put some of your profits into stablecoins thus the bitch won't get it in the settlement. --You saved up a few bucks and you want to travel the world without carrying a huge amount of cash with you. Stablecoin is your friend. etc.etc.etc. Personally, I like the idea of stablecoins better than the "my crypto is gonna Moon" bullshit, what comes with the average crypto. That is good for speculation, stablecoin is good for escaping capital controls. Stablecoins have the problem of eventually cashing out directly from it, specially if you are talking about real amounts. But you can put in an extra step of buying an average crypto first.
it's stable, everyone flees there in a bear market. Plus I hear lending payoffs are pretty good right now.
I'm asking you and any other crypto folks. I don't have an answer because I am not a crypto folk. Ready for a ride?