Before we race to "but Argentina!" or "free markets!" think for a moment: In a future where a CYN stablecoin is a better product than a USD stablecoin do you think the US would let people use that in the US over a USD stablecoin? No. They'd ban it. This is why the predicted stablecoin takeover is overblown.

https://www.dlnews.com/articles/markets/how-stablecoins-threaten-to-drain-banks-in-emerging-markets/