They’re not worse if you want programmability, or to trade at night/weekend/holidays, live outside the US, don’t have a bank account, want to use them in DeFi apps/hold them in a crypto wallets, etc

People always make the same mistake assessing early crypto PMF, focusing only on potential risks and downsides while ignoring the upsides leading to the PMF in the first place

Early AMMs had downsides, but they still got adopted because the existing market structures poorly served so many users and use cases in the first place

End of the day, tokenized stocks are pretty similar to early stablecoins - are they exactly the same as dollars? No.

But they are meeting a user demand in a way that nothing else is.