Those are not the only possible reasons for stable coins to exist. The obvious other reason is to use them on the blockchain. You cannot use USD on the blockch

Those are not the only possible reasons for stable coins to exist. The obvious other reason is to use them on the blockchain. You cannot use USD on the blockchain. Maybe you don't think there's anything of value on the blockchain and that's why you don't see a use for it. I don't want to get into an argument over whether blockchain tech has a use case or a future in this comment chain, but for the sake of understanding what stable coins could be used for just grant the following: - There is some use for ETH out there that doesn't involve avoiding financial controls and regulations or separating fools from their USD If you will grant that, then it's easy to see why here would be a use for USDC or similar. ETH price fluctuates. If you need to be able to utilize Ethereum, it's helpful to have value on it. If you don't want that value to fluctuate, you can hold it in USDC and convert to ETH when you want to use it. Plain and simple, this is the first application for stable coins. If you will not grant that there is a use case for ETH then there's no point in having a discussion about stable coins anyway. That's a separate discussion that needs to be had first.