I appreciate the feedback.

Stable coins came into existence because the crypto-exchanges did not want to deal with fiat/paper currency.

I did read that as of Jan 2021 Tether (USDT) has around $21 bil. and Circle (USDC) has around $4 bil. in deposits. This is a way shorter of the current market cap. of for ex. Bitcoin, having 20+ million coins multiplied by $30–40k spot market quote …