What? Yes, stablecoins give people in Malawi or Argentina access to a fiat currency that is less inflationary than their own. But so what? Bitcoin is less volatile and definitely less inflationary than USD stablecoins, and can be used completely anonymously and without KYC or any outside control when used over the lightning network.
Discussion
I wasn't making a case for stablecoins. I was just saying it can be of help to some for a short duration. So I don't demonise its existence as much, but it's just another disaster waiting to happen yeah.