If this happens, Ill have ya your flowers man. Seriously. I dont think they will do that. I think the US is too big of a market for them to just give up on. Again we will see
I disagree with ya there my friend. I agree that stables in the US are not as "needed" as say if you live in a hyperinflatting, corrupt country. But to say there is no product market fit is wrong. USDC has a market cap of like 70 billion. Most of that is US money. US citizens are still going to want to transact faster, more efficiently, etc. I think there is huge demand for stables in the US. Now what does that do to the deposits in the banking system. Its a good question. I predict JPMC will have a stable in very short order.
My friend, USDC is a crypto US $ stablecoin and as such, it is widely coveted outside of the US I'm here in Asia and every local exchange, every crypto app, supports USDC (as well as Tether and other crypto assets, nonetheless) My statement had a qualifier (the word currently), truth be told, yes, US folks will greatly benefit using USDC stablecoin, and Stripe will support USDC but not Tether for transfers send and receive to any US bank Any merchant, brick and mortar or online even Amazon and Walmart, should accept USDC as a payment method and even give 1% discount as they will be saving the credit card processing fee of 2-3% But to be clear, most of the money $70 Billion in USDC is from outside of the US https://coinmarketcap.com/currencies/usd-coin/ Here's the proof, the top daily trading for liquidity* for USDC, number 1 and 2 are Binance not open to US people Number 5 is Coinbase which is part owner, but that is again not US, as the pair is USDC/Euro which means it's in Europe The USDC/USD pair is number 29 from Gemini, that is from the US as the exchange is a US regulated exchange