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

But there’s a catch. Centralized stablecoins like Tether rely on issuers who hold the reserves—often banks or opaque entities. If those reserves aren’t fully backed (Tether’s been cagey about audits), or if regulators crack down, you’re screwed. Decentralized options like DAI are less sketchy but still tied to volatile crypto collateral. Plus, stablecoins could entrench fiat’s flaws—like inflation or government control—if they just mimic dollars. Crypto’s original vibe was about decentralization; stablecoins can feel like a step back if they’re just digital cash under someone’s thumb.

