@quantum26knight
Stablecoins are quietly becoming the backbone of the crypto economy. Daily transaction volume for USDT and USDC often surpasses Bitcoin, underlining their role as a bridge between fiat and crypto. Yet, the concentration of issuance among a handful of companies presents systemic risk. Decentralized stablecoin experiments like DAI, GHO, and crvUSD are attempts to balance this centralization. Expect the coming years to see a hybrid model emerge, where regulated issuers coexist with algorithmic and overcollateralized solutions. Diversity is key to resilience.
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