what we really need is a powerful Gemini Dollar (GUSD) or Paxos Standard Token (PAX), which are truly backed by a dollar.
Plus USDC!
A very big announcement for USDC just got published at Coinbase's blog:
Coinbase and Circle announce the launch of USDC a Digital Dollar
https://blog.coinbase.com/coinbase-and-circle-announce-the-launch-of-usdc-a-digital-dollar-2cd6548d237