I am not talking about people in United States or European countries that are spending Euro, or UK or countries like Kuwait, South Korea or Japan that their currency are not inflationary like the local currencies in countries in Africa, South America, Asia or some countries like Turkey.
The people in countries that have high inflation rate prefer to save foreign currencies like United States dollar. Stable coin was created and most people from these high inflation countries prefer to save stable coins.
If you have your money in banks, you do jot have the complete control. If you save stable coins, most of them are centralized and you do not have complete control and they can fall out of peg and be lesser than the money they are pegged with they become. Example of the pegged coin was Terra Classic USD (UST) which was $1 before but now
$0.01186444If bitcoin price have increased, I can decide to convert some to USD or stable coin. Which one is better? Or is there other alternative which can be comparable with bitcoin in a way it would be independent and having full control characteristic.
For me, I think it is better to have usdt here in us. Just like what you have said, in banks we can't completely control everything. Though crypto is still not well known, the rise of digital wallets are good now and the thing is we can sell our USDT in some CEX to our digital wallet and we can go to nearest store to cash out that money. In terms of fee, it is less than 1$ not big at all.