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With the growth of stablecoins, there is an opportunity to prove out use cases that depend on stable value.

Regardless, I do think there's value to smart contracts, even with a volatile/speculative currency:

https://www.nemil.com/crypto/why-cryptocontracts-matter.html

Of course stablecoins are useful - they are basically "dollars" without any additional regulations tied to real dollars, or at least have orders of magnitude less regulations. I.e. they allow for much more unregulated activities because "it's only tokens, not a money". And of course people will create more and more stablecoins because customers will exchange fiat money for random strings of digits.

Stablecoins are much more than that. It's the first openly programmable stable money, and can remove custody risk.

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