Stablecoins, if contrasted with currencies, have additional third party risk: not only are you trusting the government not to debase the currency, but also that the mint of the pegged token won't rugpull.
Stablecoins are not stable. They’re guaranteed to lose value because they are pegged to the U.S. dollar, which loses value constantly as the supply of money increases (inflation).
Compared to other fiat currencies, U.S. dollar stablecoins may *appear* to be “stable,” but when measured against Bitcoin, they are guaranteed-loss coins, as nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe calls them.
It doesn’t take a genius to work this out.
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