Comment by dmantis

> could use one that's linked to Swiss Franks or the Singapore dollar.

Well, if only we had something like that with a proper liquidity!

USDT/USDC are useful for the exchange to fiat, but have freeze function in their contract, thus posing a risk for big longterm savings, and they rot under the inflation (which btc generally beats).

There are indeed a couple of unfreezable stablecoins, but they don't have mainstream adoption and proper liquidity. USDT kind of captured the market by being first, and USDC is heavily pushed by the major institutional players, so here we are.

But that's true, it's more about crypto in general.