timbowhiteThe Resolv hack: How one compromised key printed $23M
https://www.chainalysis.com/blog/lessons-from-the-resolv-hack/
Exactly. Stablecoins make zero sense.
Stablecoins enable cash-like (instantly redeemable and verifiable) payments for large amounts, for almost free.
In EU countries, you can't now buy a car with cash. You have to buy a bearer's check from your bank, which is expensive, requires that both parties have a brick and mortar bank, and doesn't work cross-border. Stablecoins solve this.