Imagine being a business owner and accepting payments in a coin that reduces in value 10-80% by the time you need to declare your income or pay for things.
If it goes up in value – great. Until you need to sell it for fiat, which is an additional taxable event.
Businesses need stability and predictability, not additional and unnecessary risk.
Sure, crypto is a great medium of exchange. But the only way crypto can be used for payments on a massive scale (like fiat) is if it’s a stablecoin. It’s tax-efficient and more profitable for businesses (earn high yield safely).