Of course stablecoins are useful - they are basically "dollars" without any additional regulations tied to real dollars, or at least have orders of magnitude le

Of course stablecoins are useful - they are basically "dollars" without any additional regulations tied to real dollars, or at least have orders of magnitude less regulations. I.e. they allow for much more unregulated activities because "it's only tokens, not a money". And of course people will create more and more stablecoins because customers will exchange fiat money for random strings of digits.