For countries where the currency is unstable, stable currency is a way to protect one's savings.
Where I'm from, historically you'd save in USD. But in the last few years, the market has imposed dumb obstacles, like the paper notes being completely unblemished (something that isn't even a thing in the US, as far as I'm aware). That's where stablecoins have been useful for the locals.
Edit: This is an explanation, not an endorsement of crypto.
For countries where the currency is unstable, stable currency is a way to protect one's savings.
Where I'm from, historically you'd save in USD. But in the last few years, the market has imposed dumb obstacles, like the paper notes being completely unblemished (something that isn't even a thing in the US, as far as I'm aware). That's where stablecoins have been useful for the locals.
Edit: This is an explanation, not an endorsement of crypto.