Every blockchain today is horribly designed for real-world financial transactions.
Single example: money can be permanently "lost".
(You lose the seed-phrase, send a stablecoin to Binance that Binance doesn't support yet, send to a null address, etc.).
Imagine losing your life savings because you forgot your bank password, or your paycheck getting "lost" because your employer used the wrong account number.
And these errors are depressingly common; ~16% of all Bitcoin in existence has already been lost forever (lol).
Does Circle still need to keep dollars for USDC that no one can ever redeem?
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