[MuffinFlavored]

> Stablecoins are much better for payments

Stablecoins on what 'network/coin/layer/chain'?

Stablecoins on top of ETH? On top of SOL? On top of ETH BASE? On top of ETH Arbitrum/Optimism? Binance Smart Chain? Tron? Polygon?

[yunohn]

Doesn’t even matter, because stablecoins are basically acknowledging that all of the crypto tech is a farce and all you need is a digital currency tied to IRL currencies.

[MuffinFlavored]

> that all of the crypto tech is a farce

Kind of. I would say blockchain hasn't really worked out. Walmart/shipping industries isn't forcing their suppliers to be on some public blockchain, that's for sure.

The on ramp and off ramp stories for crypto to/from fiat are pretty gross. I can send money with Venmo, CashApp, PayPal, etc. domestically

As soon as you talk about (probably breaking some laws) international transfers, it's an interesting tech that's getting adopted.

The blockchain aspects of it kind of don't matter. People just want to send USD-backed-something over country border walls, right?