So the argument is: if you were paid in any stablecoin then prices of housing, coffee and cat food would not have gone up quite as much in the last five years. That does not make sense at all, the recent inflation is caused by insufficient supply.
Stablecoins are being adopted rapidly and at large scale in emerging market jurisdictions whose currencies are depreciating more rapidly than dollars, so converting whatever into what are essentially dollars is preservation of value.
jonahbenton|6 months ago