Unless I'm trying to avoid high transaction fees when exchanging currency with an undeveloped banking system with dollars, what's the point? My dollars already work fine, and for large amounts, international wire transfers work well.
Only if you don't mind the deflation.
"USDC is issued by regulated financial institutions, backed by fully reserved assets, redeemable on a 1:1 basis for US dollars"
$11 billion dollars in reserved assets? Instantly redeemable? Why does this remind me of another scam with similarly "backed by assets" USDTs
And no, not even banks have that kind of money backed up by real assets (that's why there's usually a government-mandated minimum insurance on all deposits).
And you want me to believe that some scammers with no accountability have 11 billion dollars in assets backing up their claims? Just because they have the magical word "crypto"?