Biggest problem is that stablecoins usdt and usdc only few blockchains

[crwth]

There are some chains upcoming with their own takes on stables and with the part of USDC, chains like BASE make it really cheap and cheap when transferring. You can even send for free if you are using Coinbase.

I use USDC more compared to USDT because of the regulation news regarding USDT. I think it's better to use USDC with all the transactions.

[Cadaver20]

Often it is seen that I want to deposit stablecoins like USDT and USDC on an exchange on a specific blockchain that blockchain does not support that exchange. As a result I have to convert to another coin and then deposit. As a result, I have to pay extra fee. So stablecoins like USDT and USDC should be supported on all blockchains.

[muncuss]

I use USDC more compared to USDT because of the regulation news regarding USDT. I think it's better to use USDC with all the transactions.

USDC is safer i think since USDC is said to be more transparent about the accounting of the token

either because obviously eth is bigger usage than tron so usdt in it is also has bigger user or because tx fee in eth is too high so people prefer them inside exchange than to be used for transaction

most people that used USDT in ethereum network usually transferring by large amount rarely I see people sending this token by the minimal amount i mean such transaction exists but usually have minimal purpose since sending USDT through ETH means its just wasting money with the fee of around $3 even right now after the dencun upgrade which heavily helps reducing the fee, before it was like $40 just to send USDT.

don't know it can get to $40 even $1 is too big for me i can't imagine paying $40 lol. And yes i see there are other stablecoin even without currency name like ampleforth but it is not available in many market. I wonder how many other stablecoin exist out there outside of mainstream market

[God bless u]

We know the liquity important.
Whenever i want to receive or send funds between exacngers or to send it to receive to someone they use mostly tron and solana...there xlm blockchain for usdc but only circle using it why it's there then most of the crypto exchanger use only tron eth and ton chains.
I guess we have top utility coins what people use it eth is there but nobody don't pay that high fees.
But for now tron, solana and ton are really with most use cases becouse those blockchains are everywhere.

They've worked so hard to earn that much achievement on their projects. We have seen in the past the once the project gets the hype then it doesn't bother much about the upgradation of their fundamentals and their project. But as far as ETH and and SOL is considered they're giving so much of their efforts to solve the problem that are faced by individuals whether that are high fees or anything else.

So in order to retain in the market and to continue their era the have to make people to use their platform for transactions and they're doing it better.

[FinneysTrueVision]

Stablecoins can be arbitrarily frozen by the companies issuing them. The lack of censorship resistance and decentralization is why I would rather avoid them but unfortunately they are becoming the preferred choice for making payments. Stablecoins are the antithesis for why Bitcoin was created. They may offer convenience, especially for those in countries where their own currency loses a lot of value, but the surveillance, compliance measures, and censorship that come along with it are massive drawbacks. Their adoption should be discouraged more than it is being done.

[jrrsparkles]

Stablecoins can be arbitrarily frozen by the companies issuing them. The lack of censorship resistance and decentralization is why I would rather avoid them but unfortunately they are becoming the preferred choice for making payments. Stablecoins are the antithesis for why Bitcoin was created. They may offer convenience, especially for those in countries where their own currency loses a lot of value, but the surveillance, compliance measures, and censorship that come along with it are massive drawbacks. Their adoption should be discouraged more than it is being done.

I want to highlight that there are also some decentralised stable coins out there which are different from USDT or USDC like kind another thing is USDT is not really used for payments rather the preferred trading pair that is the actual purpose why people use it on daily basis as I mentioned earlier in this thread.

It's also bad choice to safeguard from inflation from your local fiat there are better choices out there even if they don't want to invest in crypto due to volatility nature they have assets like gold and silver which will be more suitable as storage of value.