[Svartalfiar]

Stable coins. USDC is pegged at and backed by the USD. Some are pegged to and backed by gold or silver. I don't know of any pegged to OSB. LOL

Pricing goods in USDC is the exact same as pricing them in USD. It's a pointless exercise. And does nothing for pricing stuff in Bitcoin or Dogecoin or Ether or any of the other free-wheeling ones. Their volatility makes them useless for much of any real business. They'd be better off pegged to OSB, that stuff has only quadrupled in the past year, and lumber's gonna hit a price crash here soon methinks. Within a year or two.

[Pollard]

There’s supposed to be some utility in crypto. I saw a video with four guys on four different continents and they sent $100 USDC, around the world on the ALGO network in less than two minutes at a cost of $0.40 or $0.10 per peer to peer transaction.

You can’t do that with USD that cheap and $100 in Bitcoin might have been $90 in Bitcoin two minutes later.

That’s one use of stable coins. Another is if some financial/crypto news comes out and you think the crypto market is going to tumble because of the news, you can convert your non-stable coin to stable coin as a safe haven and it costs less than cashing out to USD.