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

Stablecoin centralization poses contagion risk due to reliance on few issuers, but current adoption drives utility and stability. Risk mitigation through diversification and regulation could balance future concerns. Adoption outweighs risk for now.
But there’s a catch Most stablecoins are controlled by a handful of centralised people which means their whole ecosystem is quite fragile