hunter on Farcaster

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https://warpcast.com/~/channel/c-crypto-member

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are stablecoins as the future of crypto a bad thing? -------------------- the current stablecoin marketcap is $237.49B not a huge part of the crypto as a whole YET, but i foresee it being the main way people interact and use it as time goes on the question is - is it a potential contagion considering how centralized all stables are? or does present adoption outweigh future centralization risk?

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https://www.theclip.fun/post/0xe0493194bda67d0c1eff65600791b9f3f54a21b1

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If I am trying to get my local coffee shop to adopt crypto, explaining USDC and having it pegged to the dollar is easy to explain and easy for business. I can't ask them to take ETH and worry that its worth less in a month.

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Panji 🟡 ⌐◨-◨

AFAIK, Satoshi created bitcoin to replace our conventional economy/currency, but now, bitcoin or other token are still treated as an assets like gold rather than money. What's the point of crypto if in the end people still rely on stablecoins that pegged with real life currency like dollar.

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dexx - Photography

Stablecoins are growing quickly, but many are centralized, meaning they depend on a single company to manage them. This brings risks like: 1. Regulatory Pressure: Governments may impose rules that affect how centralized stablecoins operate. 2. Trust Issues: If the company behind a stablecoin fails or is mismanaged, it could lose value quickly. However, adoption is strong because stablecoins make crypto transactions more stable, especially in a volatile market. They are widely used in things like DeFi and cross-border payments. The key risk is if a major stablecoin issuer faces problems, it could affect the whole market. On the other hand, decentralized stablecoins (like DAI) could reduce some risks but face their own challenges. In the short term, centralized stablecoins are likely to grow as their benefits outweigh the risks. But as they grow, the push for decentralized alternatives may increase to reduce these risks.

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Circle IPO says there is demand for it, I am curious about the implications of how easy it could become to hold foreign currency and what implications that has for foreign spending I think as a whole adoption will outweigh the centralization effects, and other privacy tools will continue to be developed like $veil

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Somchai Musiksong

What is your opinion on the next coin that will increase by 100x? Why?

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I've roundtripped $50k multiple times with memes. It wasn't until recently that I dove into boosted yield vaults, lending platforms, etc. If you havent already, I would encourage others to look into stashing gains into Aave, Pendle, Sonic apps, etc. You gain exposure to airdrops and it's much less volatile than the meme game.

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Pikabu123 ⛓️🍖🎭⚡

qr coin shipping

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The $237.49B stablecoin market cap might seem modest compared to the total crypto market, but it represents the critical bridge between crypto and real-world utility. As adoption grows, stablecoins are likely to become the dominant way people interact with crypto — for payments, remittances, and DeFi access.

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Kei Azumi 🎩Ⓜ️🎭✨🍖

Short-term, centralized stables win on UX and adoption. Medium-term, contagion risks will grow unless we diversify into decentralized stables (e.g. crvUSD, GHO, RAI). Long-term, the winners will likely be hybrid models: partially backed, partially decentralized, with composable on-chain proof and reputational trust.

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Arden 🖼️ 🎩

I believe that the market capitalization of stablecoins will definitely grow larger in the future. They play a crucial role in the entire cryptocurrency industry, which also means their risks will increase. However, as governments around the world gradually recognize the status of cryptocurrencies, it is likely that countries will collaborate to develop compliant stablecoin projects. This way, users can feel more at ease using stablecoins.

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Stablecoin centralization poses contagion risk due to reliance on few issuers, but current adoption drives utility and stability. Risk mitigation through diversification and regulation could balance future concerns. Adoption outweighs risk for now.

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that’s a tough one, but i think it’s better than some of the meme coins currently on top and users have their money onchain, ready to ape into the next big coin

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stablecoins look like the shiny, reliable But there’s a catch Most stablecoins are controlled by a handful of centralised people which means their whole ecosystem is quite fragile

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Kei Azumi 🎩Ⓜ️🎭✨🍖

1 - Centralization = Single Points of Failure A regulatory crackdown (e.g. U.S. Treasury targeting Circle or Tether) could freeze assets and impact all DeFi protocols relying on them (e.g. Curve, Aave, Maker vaults). Most DeFi protocols hold stables in treasuries, yield strategies, or collateral. If redemptions freeze or assets get blacklisted — we’re looking at another “March 2020”–style event. 2. Bank-style runs possible If doubts arise (as with Terra/Luna or USDC’s SVB scare in 2023), even centralized stables can depeg short-term. Liquidity drains and “flight to USDT” could cause fractures.

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seems to be somewhat antithetical to original ethos of crypto (decentralized), yet essential to mainstream adoption due to stability (centralized). it is a bit of a paradox, but it seems to me that the crypto market will always reward innovation related to decentralization, so as the stable coin market grows, so to will demand for decentralized alternatives. hopefully both sides can win in the long term.

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ahyad.degen 🎩

Yo, stablecoins are massive for getting more folks into crypto, for sure. But here's the kicker: relying too much on these super centralized ones is a huge gamble. Think contagion risk, or someone just pulling the plug. So yeah, big question: is the hype and current usage worth the future risk of everything getting super centralized and losing that whole decentralized crypto vibe? Gotta find that sweet spot between stable and truly crypto, ya know?

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XBorn ID pfp

At the end of the day, crypto’s all about decentralization. So let’s be smart with our money... diversify and dive into DeFi to keep the risk in check 👌

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