I think you're describing stablecoins just right. If that's all of it though, why should anyone be interested in what reserves these stablebanks hold. What the

I think you're describing stablecoins just right. If that's all of it though, why should anyone be interested in what reserves these stablebanks hold. What they're doing is, creating a USD bank. It's not just about bank guarantees. Game theory describes the stable outcome, it doesn't predict it.