Do Crypto-Backed Stablecoins Still Make Sense Post-DeFi Hype?

[Samantha Jones]

There was a time when crypto-collateralized stablecoins (like DAI) were hailed as the future of decentralized finance. But now, they seem niche—overshadowed by fiat-backed options like USDC or USDT.

Are we just giving up on trustless value anchoring, or did the overcollateralization model hit scalability limits?