Scoresby on Nostr: Arguably Tether works the same way. They need your dollars to make the usdt token. ...

Arguably Tether works the same way. They need your dollars to make the usdt token. But they don't call it depositing dollars. They call it purchasing usdt tokens.

I don't think privacy is the only reason for ecash usage. I can imagine a world where a community uses an ecash token to send money around amongst themsves.

Zaps on nostr might be a good example. Imagine if there were a number of popular mints that connected to each other via lightning. Now all the people zapping don't need to run LN nodes and can zap each other with much lighter ecash wallet clients. Also solves offline receive problem.