When you go outside of the nice countries, local money becomes worthless. Nobody wants it, they'd much rather have dollars instead.
Stablecoins for the first time offer a reasonable way for the global poor to store value in dollars, or in the form of any relatively stable currency.
Obviously this comes with all kinds of issues, but it's still better than the original situation where "savings" simply didn't exist except in the form of physical dollars or gold bought at a significant premium.
Stablecoins for the first time offer a reasonable way for the global poor to store value in dollars, or in the form of any relatively stable currency.
Obviously this comes with all kinds of issues, but it's still better than the original situation where "savings" simply didn't exist except in the form of physical dollars or gold bought at a significant premium.