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

I lean towards adoption outweighing the centralization risk for now, but only if there's a strong push for decentralized stablecoin alternatives to gain significant market share. Otherwise, it could indeed become a single point of failure for the broader crypto ecosystem