Payments is a beast of a final boss. I don’t use any of em for payments often at all. I just store value there. Like a brokerage account. And my business treasury.
If you’re into this space and not a Solana lover, you have to check it out. Huge ecosystem. All the large caps bridged as SPL tokens. Fast confirms. It makes defi fun and as responsive as a brokerage account or banking app
I can see two use cases for stablecoins:
- P2P/vendor transactions
- crypto speculation (i.e. settlement fund)
I don’t speculate on crypto because the expected return is negative (zero sum + exchange fees). So, transactions are the only reason I’d be interested, and that’s much easier to find for BTC, ETH, or XMR.
And I’m discounting the “store of value” here because the stablecoin I’d get would be tied to USD, so I might as well just hold USD and benefit from regulatory oversight and interest (I mostly buy US treasuries and treasury MMFs) and not open myself to the added risk and costs of holding crypto.
So until merchants accept stablecoins, I’ll stick with BTC, ETH, and XMR since they’re actually accepted by some merchants.
