In general I'm on the "many crypto tokens are securities" side here. However this isn't right: > Whereas essentially the only use of "stablecoins" is as invest

In general I'm on the "many crypto tokens are securities" side here. However this isn't right: > Whereas essentially the only use of "stablecoins" is as investment schemes; even if someone isn't expecting the value of their stablecoin to rise against USD, they're expecting it to rise against something. Stablecoins are very frequently used as transfer tokens for remittances, wages and ecommerce. We pay overseas staff in USDC for example (it's quicker and easier than bank transfers).