Ironically, crypto has developed something significantly better for these use cases called stablecoin, which isn't really decentralized.
A currency peg is a double-edged sword in and of itself, to say nothing of the risk brought into the equation by having to trust a stablecoin issuer.
A currency peg is a double-edged sword in and of itself, to say nothing of the risk brought into the equation by having to trust a stablecoin issuer.