With stable coins you can have insolvency which is worse than a bank run probably (because no government insurance). Stable coins are the worse to keep cash - higher risk than a bank account but no interest. The only logical uses for them is online gambling and money laundering.
You don’t own a USDC. Instead some random offshore company owes you a dollar.
You don’t own a USDC. Instead some random offshore company owes you a dollar.