[gnatman]

I have a question about the scenario you're describing in Argentina. If I'm an individual in that country and want to protect my money, a stable offshore asset sounds good. And a digital decentralized asset makes sense because then I don't have to rely on banks in my country which might be unstable. My question is, if every individual takes this strategy, does that further destabilize the economy in my country?

[houseatrielah]

People already do it by hoarding US cash or buying real estate (often US real estate is used as a vehicle to store value). Its just a more efficient mechanism. Does it make the situation worse or better? For the individual to preserve the purchasing power its better, for the government is probably somewhat worse since they can't steal all your wealth with inflation, but on the other hand it seems helpful for a government to have a citizenry that's not totally bankrupt.

[houseatrielah]

This is a very interesting podcast about stablecoins

Nic Carters' Bull Case For Stablecoins https://www.youtube.com/watch?v=iecFhe2THeo