Still trying to understand it all, but it almost seems like its just a play to try and bring more factoid burns to the network. He makes it sound like the only people who would maybe use these stable coins would be traders/speculators...

Let's look at it like this though, if it brings more users to the protocol than its a good thing for the price of factoids. Even if no one ends up using it, at-least its an added utility of the protocol.

There has been alot of development over the last year, sad to see price not reflecting at all.