Exactly. Not sure how one could write this article without mentioning the risks of so-called stable coins. Quite simply, the huge existential risk is that the currency peg isn't maintained, for all sorts of reasons relating to trust, actual $ supply, regulation, centralization, politics, etc.

Simply proclaiming the stability of something doesn't guarantee it, or absolve one of tackling all the same problems of currencies in general. Else, a nation would simply call their own currencies "stable" and back them with $ reserves, which they already try to do.

Also, it is extremely stupid to say that a real-asset backed "crypto" somehow eliminates censorship. The "backing" is the only real item of value in this equation, and getting ones hands on that asset is of course vulnerable to censorship.