@bankless
Stablecoins are the plumbing of DeFi—yet most of today's supply is tethered to TradFi approaches.
When a stablecoin is custodial, you inherit the issuer's worldview, legal pressures, and blacklisting risks. If it's backed by real-world assets like U.S. Treasury bills, holders don't get direct, onchain redemption rights.
~~ Analysis by @wmp.eth ~~
This is why trust-minimized stablecoins matter, and why three new projects are worth watching.👇
https://www.bankless.com/read/trustless-stablecoins-are-back-in-the-spotlight
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