I know banks. I know how shitty they are and how they can go bankrupt. They are protected by so called “law” and yet they scam people every day. Still… I don’t know stable coins that much. I don’t know who (really) 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.
Right? Both are not so good in a way for me. I have had issues with the bank ever since some of the money in my savings account was randomly transferred by someone without my knowledge and when I asked the bank regarding this they couldn't provide me with any help or assistance. These days there have been a lot of issues regarding a lot of banks in my country as well, may it be from people losing money on their accounts or banks shutting down due to bankruptcy. However, as for stablecoins, most of them are not registered or regulated by any counrty so if something happens you cannot file any legal complaint or sue them since they are not technically a part of any legal system or jurisdiction, so there is that risk to consider. Hence, I am with you on your choice, not because bank is the best option and I wholely trust it, it's just that between the two bank holds the smaller risks.