Why Are Stablecoins Important for DeFi Platforms?

[Jenny]

While stablecoins might seem like a reliable solution, their so-called "stability" is often undermined by regulatory uncertainty and potential systemic risks. Relying on them for DeFi could be short-sighted, especially with looming government crackdowns and the unpredictable nature of their underlying assets. Stability is more of a myth than a guarantee.

 

[Harry]

Stablecoins are crucial for DeFi platforms as they provide price stability, enabling secure lending, borrowing, and staking without the volatility of other cryptocurrencies.