What value stablecoins settle? Go to any supermarket in the world and you'll see people paying with Visa or Mastecard every single minute. But where are the stablecoin payments? I never encountered a business, even a small one, that accepts stablecoins.
My guess is that most of the activity on stablecoin network is speculative trading, especially by bots. If someone shut down stablecoins tomorrow, the world wouldn't notice. If someone shut down Visa tomorrow, that would be Armageddon.
Many countries are actually adopting crypto as a legal means of payment the only reason visa is still more in use is because many firms are not accepting crypto payments yet and I mean your supermarkets and other physical business that uses faits. And for now there isn't much demand for crypto payments for offline vendors. And I think you haven't read the article yet to see what I'm really talking bout
Can you make a proof whereby countries make a payment or accept cryptocurrencies as a legal tender, we all know that cryptocurrency especially bitcoin have not been accepted worldwide as a currency, but the news or information have had it already that their an existence of cryptocurrency and it have not be officially legalized as a legal tender, what I know about bitcoin is that has influenced across the countries as digital currency that is decentralized. For the aspect of a stable coins, its well known that stablecoins have regards and have no value compared to visa, when stable coins is out of the world it won't be noticeable, I believe someone has said something contrary to my point of views towards the existence of stable coins.