c-crypto-member

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?



Community strategy at @offchainlabs,  contributing to /arbitrum

While stablecoins bring stability, if they dominate crypto's future, it could be bad because:
 * Central Control: Many are run by a single company. This goes against crypto's core idea of being decentralized (no single boss) and means you're trusting one entity.
 * Government Rules: More rules could slow down innovation. Governments also worry about stablecoins affecting their money systems.
 * Financial Risk: A sudden rush to sell a big stablecoin could crash the crypto market, possibly even impacting regular finance.
 * Losing Crypto's Goal: Crypto started to be free from control and grow in value. Stablecoins, being stable and often controlled, are more like regular money, not the innovative crypto we know.
 * Security: Like all digital assets, stablecoins face cyberattack risks.