I know banks. I know how shitty they are and how they can go bankrupt. They are protected by so called “law” but they scam people every day. Still… I don’t know stable coins that much. I don’t know who is issuing them, if they are backed by anything, what will happen to hem if the issuer exchange goes down etc…

When I compare stable coins to the FIAT in a bank account, I choose banks tbh. That doesn’t necessarily mean that stable coins have no use. They do. But I don’t trust them with my life savings.