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 need to dive into the centralization aspect. Main stablecoin issuers, like USDT and USDC, hold significant reserves in US Treasuries (around 249B). That’s a key factor — if these coins faced a regulatory freeze, it could paralyze DeFi