> Importantly, none of these businesses are using crypto because it's crypto or for any speculative benefit. They're performing real-world financial activity, and they've found that crypto (via stablecoins) is easier/faster/better than the status quo ante.

I still don’t quite understand the point of using crypto then - there’s no advantage in it theoretically being decentalizable since practically it is not. It might as well be an implementation detail.

Or are there decentral aspects to how it works? Does it ease auditing? Is it the improved ease of financial/regulatory engineering?