I fuck with stablecoins, they’re basically dollars but onchainified, just a bit boring to the imagination

for people from other countries i get it completely and would go so far as to say it is an existential threat to all but the top few fiat currencies

for americans with easy access to USD I don't see good reason to hold USDC other than temporarily for trading purposes or the like

anything to add?

Much much better interest rates if you deposit them into something like Morpho, Moonwell or even CB than your fiat savings account can give you.

CB rates can be matched by something like Wealthfront for personal or Mercury for business 

Anything higher than that I assume there is additional underlying risk for which I am getting the additional returns

Agree or would you argue otherwise?

There is more risk for sure but the risk of a USDC/ETH pool on Morpho comes down to the price of Eth falling faster then the pool can sell the overcollatoarlized Eth.  Feels low risk rn but definitely more risky than the bank (when the bank is not met with systemic failure). 

I have not seen Wealthfront before. Why doesn’t everyone use it? What’s the potential downside?