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

$237.49B is significant but only ~10-12% of total crypto market cap.

Despite being a minority by market cap, stablecoins are the dominant medium of exchange within crypto — they make up a majority of on-chain volume and are central to DeFi, exchanges, remittances, and more.

They're also the primary way traditional finance interacts with crypto (on/off ramps, reserves for institutional exposure, etc.).