Those living in Canada: Do you save up in USDC?

Hi!

With the decline of the Canadian dollar against the US dollar, are you considering creating your emergency fund in USD? For sure, you can open an USD account in a traditional bank but do you also consider buying USDC (or other tokens)?

Sorry if this is a dumb question. I just want to have a discussion regarding how relevant (or nor) is it to save up in USDC for a Canadian. I know a lot of Canadians are already investing in USD anyway. Does saving up directly on a USD stablecoin make any sense?

How I see it:

Advantages - less fees (maybe not, I really don't know what are the fees for a USD account opened in Canada) - easy to buy

Disadvantages - taxes implications? If you pay your transaction fees in ETH, technically you may have to pay taxes on it (depending on your ACB). Plus, since ERC-20 tokens are considered assets in Canada, you should pay taxes if you make a gain when you spend your USDC (if USD(C)/CAD goes up in value across time, which is the current consensus) - not easy to spend USD outside of Crypto space (but crypto cards are democratizing)