One thing is that anyone who went through the collapse of UST in the last cycle has PTSD when you mention an algorithmic stablecoin.

Yeah, it's hard to convince them of the opposite when they automatically associate algorithmic stablecoins with UST and its collapse.

The HBD 20% savings plays a big role in this too. Keeps people saving instead of spending.

An interest above the inflation rate reduces the velocity of a stablecoin. This is where people's interests diverge. Many want that APR, while others want HBD to be spent more often. There isn't enough HBD to have it both ways at the same time, I believe.