We’re also introducing new US dollar features that enable customers to hold, send, and receive dollars. Customers with dollar accounts gain all of the benefits of digital currency -- instant, secure and free payments to anyone in the world -- without holding or explicitly converting dollars into bitcoins. Dollar account balances held by Circle customers are FDIC-insured.
We have presented fiat users with a magnificent wooden horse sculpture, to be rolled within the gates with great fanfare.
It's pretty damn slick--using the Bitcoin network as a backend to send free dollar payments.
Move over PayPal.