[sunshine-o]

I think the the market for those stablecoins is now broader than criminal and traders.

There is a huge demand for dollars by individuals outside of the US. Countries where people do not really trust their banks and currencies.

Even in the Euro zone, most saving accounts will give you about 1% after taxes. So why not going with USDT, USDC or EURC and get about 5% on a relatively safe lending platform.

[hyghjiyhu]

You get 5%? If so, that is surely a big piece of the puzzle. Where do those % come from? Bonds don't yield that right?

[sunshine-o]

There are many ways, the most common is to lend your stablecoins against collateral crypto. So if you put 1000 USD in the lending pool you have let's say the guarantee 2500 USD worth of bitcoin are serving as collateral. That will get you about 5% on a serious protocol.

You can also provide liquidity on a stable stablecoin/stablecoin pair on a reputable decentralized exchange and get some of the fees.

There are surely many other "safe" ways.

If you live in Switzerland you're probably not gonna bother but it is more transparent and safer than than what a lot of people have access to around the world.

I know the DAI stablecoin was already very popular as a saving account in Argentina around 2018-2019.