think if we should look back in 4 years back in cryptocurrency industry, crypto do very well to be stable in the price value, but is very difficult this days to see crypto that's actually valueable, not until we started seen stable coins in the crypto market but there's no change in the value, Do you think we need stable coins?
Of course, when things go bad for crypto, we need a safe haven to preserve our holdings. And it's a lot easier to convert to stable coins than converting back to fiat especially when you are trading.
Stable coins also have a great use in e-commerce. It is made to solve the problem with volatile cryptocurrencies.
With the given fact that these currencies are not volatile, it can be used as payment for transactions. And take note that most stable coins like $BUSD ($USDT is not 100% backed with fiat USD) are fully U.S.-regulated and are backed with real fiat.