A lot of people here rightfully questioning what's the use case of stablecoins. US dollars on a bank account essentially just represent a claim backed by a bunch of government debt - ie. US treasuries. But what if these treasuries became undesirable? Either because inflation runs very high or the creditworthiness of the issuer is questionable? what if - as a result - we have to build a financial system not based on government issued debt - but private (ie. corporate) debt? suddenly stablecoins become a lot more interesting.