[latchkey]

The problem wasn't stablecoins, it was that you gave your coins to someone else to manage and they did a poor job at that. That high rate of interest you thought you were getting also came with a high rate of risk. The education around that was intentionally deceiving, which cast a poor light on crypto as a whole, which is unfortunate, at best.

[tombert]

Yeah, they kind of made it seem like GUSD was backed by FDIC. I should have been more skeptical of that, certainly, but I feel that the marketing was misleading.

That said, I still think they're probably a bad idea.