🔹 The Pros:
1: Mass adoption of crypto rails without volatility
2: Onboarding for emerging markets and unbanked populations
3: Enabling real-time settlement and 24/7 finance for global commerce
4: Potential to challenge SWIFT, PayPal, and even national currencies
🔸 The Cons:
5: Centralized issuers (Circle, Tether) can freeze funds or blacklist addresses
6: Regulatory capture: permissioned access, surveillance risk, KYC friction
7: Dilution of the decentralized ethos — most stablecoins are just digital dollars
8: Potential sidelining of Bitcoin, ETH, and real decentralized currencies
I numbered your points so i can answer them separately
1: What does this even mean?
2: When people are unbanked they are usually unbanked for a same reason that could cause freezing of their stablecoins as well.
3: It's not a real time settlement when it needs to wait some blocks to be confirmed.
4: This is not scaling like SWIFT. That's just insanity.
5: While this is a con, it's only reason stablecoins will be even allowed.
6: Same goes with this. You see regulatory compliance as a con. Use something like bitcoin if that's a problem.
7: Let's be real: Stable coins have nothing to do with crypto ethos. They are just an something developed for traders. I don't think they never meant to even to be seen as payment method. Just a fiat money hedge. Paired against the fluctuation of btc.
8: Stablecoins are literally build on them. How would tokens sideline the underlying blockchain?