it is sad the average person is too afraid of cryptocurrency to even consider stablecoin staking.

I was on a personal finance reddit community, and someone was talking about "safe" ways to earn interest on their money. People were recommending GICs which paid less than 2.5% interest (these GICs were also associated with sketchy banks no one has heard of).

I suggested they could look into stablecoin staking which is fairly similar to a GIC (you have counter-party risk on both, both are not 1 to 1 backed by dollars) with the major difference being the lack deposit insurance banks (typically) have, but with the upside of earning 6 – 12% interest.

Basically staking stablecoins could earn the person the same amount of money with about 1/4th of the amount of capital locked in.

Unfortunately everyone else thought that cryptocurrency was too volatile and scary and that the person was guaranteed lose all their money if they did this.