the main reason why facebook went the route of stable coin is simple. What is the main reason for a currency holding value is a correlation between the currency

the main reason why facebook went the route of stable coin is simple. What is the main reason for a currency holding value is a correlation between the currency and its military strength. Unlike other commodities which hold intrinsic utility , currencies have enforced utility. Facebook understands why most crypto currencies are volatile cause there is no authority to enforce utility, hence the problem of utility is solved. now comming to the reason why the FED is so strongly oposed to this, if enough people start using libra its a big FU to the US fed cause they cant nuke it without hurting themselves hence they want to kill it right now. For some context this is the same FED which allowed countless acts of financial loot run wild for decades. But now when they realise that its there ass thats on the line they flip out.