Stablecoins are perfectly stable, right up until the moment they aren't. They're only as good as the legal regime actually forcing the stablecoin provider to fu

Stablecoins are perfectly stable, right up until the moment they aren't. They're only as good as the legal regime actually forcing the stablecoin provider to fulfill their promises of backing. At that point, why not just bank with the legal regime you're already implicitly trusting?