Stablecoins pegged to the dollar and various other currencies of the "real world" have existed for many years now. Stop acting in bad faith.
My point is anyone with an internet connection can give their savings 100% exposure to any centralized fiat currency, _if they so choose._
I'm not saying you should or you have to. I'm just saying this gives people the option to do that. What's bad about that? What's wrong with that? Should only US citizens be allowed to save US dollars?
https://jumpcrypto.com/the-depegging-of-ust/
That coin was supposed to be pegged to $1 USD.
Why are you arguing against letting anyone with an internet connection save US dollars? Should only US citizens be allowed to save US dollars? Why should we prevent humans from having that option?
Why did the argument suddenly switch from "have been for years" to "theoretically there could exist a stable coin that isn't outright fraud"? Is the reason that you can't think of a single example that is actually trust worthy?
In addition to USDC, USDH, and DAI, we've also got GUSD, RAI, LUSD, and USDP in terms of trustworthy stablecoins.
All of them are audited in reputable ways, either by large accounting firms or directly on-chain by cryptography:
USDC decided to remove guarantees from its site and invest its reserves as it saw fit without any guarantees or limitations on risk in 2021 before returning to form several months later. This happened despite the reserves being subjected to attestations every month. So it might be a good idea to start a list of trust worthy stable coins with just about anything else, especially if you want to give the impression that the attestations are actually worth the paper they are printed on.
Or you can do it, but suffer extortionist fees.
Classic first-worlder, thinking corrupt, authoritarian regimes which arbitrarily seize assets and cut off access to basic financial services do not exist.