The Backbone of DeFi? Let’s Talk Stablecoins

[Harry]

Everyone praises stablecoins as DeFi’s backbone, but are we just rebuilding TradFi in digital disguise? Most are still pegged to fiat—so how decentralized is that, really? What happens when regulators start yanking strings? Maybe it’s time we talk about algorithmic models or commodity pegs instead of just worshipping the dollar clone.

Stablecoins undeniably play a crucial role in DeFi, but their reliance on fiat peg challenges the notion of true decentralization. As regulatory scrutiny increases, there’s growing concern about the future of fiat-backed stablecoins. Exploring alternatives like algorithmic models or commodity pegs could provide more resilient, decentralized solutions. #DeFi #Stablecoins #Blockchain