@hannabel6lee
The rise of decentralized stablecoins highlights the risks of over-reliance on centralized issuers. While USDC and USDT dominate, protocols are experimenting with collateralized and algorithmic alternatives that resist censorship. For DeFi, this diversification is critical. The future may see hybrid models blending on-chain collateral with governance frameworks. Decentralized stablecoins, if designed sustainably, could be the backbone of a censorship-resistant financial system.
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