Re:Coinbase is launching support for the USDC stablecoin
by DSingularity on Wednesday October 24, 2018 @01:24AM
(#18289923)
Yeah, but the point of "storing value" is storing the purchasing power of a dollar today for future purchasing. You don't do that by saving the dollar, you do it by investing it or by buying something whose value will hold with time.
I cannot buy a car with a gold bar. They would laugh me out of the dealership and I'd have to sell the bar for USD. People want cryptocurrencies they can hold for more than two days that won't lose 50% of their value.
The value here is ability to conduct transactions, not necessarily a stable store of value.