You have not convinced me why we need Vai.
If there is already Dai and BUSD.
What’s the point of having Vai? Today it was announced we also get TrueUSD.
Another Dollar coin.
What is the purpose of having Vai , what would we mis if we would cancel Vai?
Just an honest question.
I was not particularly trying to convince you. Rather, I was thinking online reading and DYOR would convince you. Personally, in its current form, VAI is useful for 1) Interest-free loans and 2) on-demand liquidity (the other stablecoins run out pretty fast, as we saw during “peak bullrun” moments a few months ago).
There are also other pros and cons to stablecoins, which is why properly informing oneself is important (for example, while safe now, stablecoins have issuers and are a potential target for regulators; there is also a possibility of a ‘bank run’ for some issuers, etc.). It’s a fascinating topic but kind of beyond the scope of this thread.