c-crypto-member

are stablecoins as the future of crypto a bad thing?

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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?



Community strategy at @offchainlabs,  contributing to /arbitrum

In that sense, stablecoins could totally be a contagion trigger, especially if a big player like Tether or Circle ever ran into a trust meltdown. But honestly, adoption and real-world use have kinda outpaced those worries for now. Stablecoins fill a major gap in crypto’s crazy volatility. They’re basically the lifeblood of DeFi and the grease that keeps on-chain finance running smooth.