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Two use cases for businesses that have nothing to do with avoiding KYC or currency controls etc which other people have mentioned 1)say you are a business who w
by seanhunter 4y ago
Two use cases for businesses that have nothing to do with avoiding KYC or currency controls etc which other people have mentioned
1)say you are a business who wants to accept crypto but doesn't want the volatility associated with holding crypto
2)...or say you want to sell something for either dollars or crypto and don't want to have to reprice your product every time USD/ETH moves
In either case offering a price in USDC for example would meet your needs. Your customers can pay in crypto but what you get is essentially the same as dollars (excluding transaction fees), so goods can be priced the same in crypto and cash and you're not exposed to crypto volatility on your holdings for the most part.
So if you have a use case for businesses to price things in a stablecoin, then it follows that there are use cases for people to get stablecoin to use and therefore usecases for creating stablecoins, exchanging them for other crypto etc.