For people who don't care and have no interest in decentralization and are only in the market for a profit. The banking industry has also few points of failure and it resulted as you describe a massive lost (crash 1919-2008, money devalued in countries,...) It's not a problem for the people I was referring to, at least they will still own a digital currency
It's okay if they understand the risk, but the bigger problem is that stablecoins are painted as some sort of improvement over traditional cryptocurrencies, and that people should be using them as a currency because of their stability, as they suffer less from volatility than traditional cryptos. This is really bad, because stablecoins reject the core value of Bitcoin/any true cryptocurrency - no central point of failure.
