due to “crazy product market fit”. About a two minute read.
Comment: yes, it does seem as though regulators are targeting Stablecoins, as they should, especially the algorithmic coins. And I agree Stables provide a better mechanism to transfer money (personal note: I used to bring funds from The US via ACH but now use Stables for immediate transfers). But I disagree they are better than Bitcoin and they will “conquer everything.”