Stablecoins won over users by making money easier to move, long before the financial world agreed on what they meant. That helps explain the scale of USDT and USDC: they never had to replace the global reserve system to become powerful. They simply made dollars easier to move online, and crypto...
Source: [CryptoSlate](https://cryptoslate.com/hong-kong-builds-a-gold-and-yuan-network-that-sidesteps-dollar-stablecoins/)