Stablecoins are not as profitable as you're trying to make it out to be. They are definitely good store of value coins and a great start to educate people on how to use cryptocurrencies but that's about where their usability ends honestly. And in your post you mentioned government being involved in thsi scheme which is always a recipe for disaster if ever I saw one.
It’s not that attractive scheme though. If you love stable coin so much and think about it as investment opportunity for example, lending, give aways, easy to transact etc then why not choose Fiat itself? It makes no such sense except the fact they are in crypto space. Personally I never liked the idea of stable coin to make income out of it. One way or other it’s just safe house for you when other crypto currency’s are falling apart during apocalyptic events. Lolz
But, won’t comment on other who states that it’s way of passive income. It’s good in theory but in practical approach it’s waste of time.
Exactly. It's good as a form of passive income because there is literally no risk involved in stablecoins, but the low rewards counteract this.