this post was submitted on 16 Oct 2025
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What in the world is even the point of a coin with 1:1 exchange rate? Just avoiding all the pesky laws? At that point just use the original currency.
It's easier to bring across a border as you don't have anything physical. You don't have to get along with any bank to transfer it to you on the other side. You can transfer it to whoever's around where you go. The transfers happen near instantaneously compared to using banking services.
I think it tends to be used as an intermediary for doing various crypto shenanigans, usually to stabilize "coins".