I don’t speculate on crypto because the expected return is negative (zero sum + exchange fees). So, transactions are the only reason I’d be interested, and that’s much easier to find for BTC, ETH, or XMR.
And I’m discounting the “store of value” here because the stablecoin I’d get would be tied to USD, so I might as well just hold USD and benefit from regulatory oversight and interest (I mostly buy US treasuries and treasury MMFs) and not open myself to the added risk and costs of holding crypto.
So until merchants accept stablecoins, I’ll stick with BTC, ETH, and XMR since they’re actually accepted by some merchants.
I can see two use cases for stablecoins:
I don’t speculate on crypto because the expected return is negative (zero sum + exchange fees). So, transactions are the only reason I’d be interested, and that’s much easier to find for BTC, ETH, or XMR.
And I’m discounting the “store of value” here because the stablecoin I’d get would be tied to USD, so I might as well just hold USD and benefit from regulatory oversight and interest (I mostly buy US treasuries and treasury MMFs) and not open myself to the added risk and costs of holding crypto.
So until merchants accept stablecoins, I’ll stick with BTC, ETH, and XMR since they’re actually accepted by some merchants.