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Crypto regulation concerns make decentralized stablecoins attractive to DeFi investors

Published 01/07/2022, 06:30 PM
Updated 01/07/2022, 08:00 PM

Stablecoins have emerged as a foundational part of the cryptocurrency ecosystem over the past couple of years due to their ability to provide crypto traders with an offramp during times of volatility and their widespread integration with decentralized finance (DeFi). These are necessary for the health of the ecosystem as a whole.

Currently, Tether (USDT) and USD Coin (USDC) are the dominant stablecoins in the market, but their centralized nature and the persistent threat of stablecoin regulation have prompted many in the crypto community to shun them and search for decentralized alternatives.

Top 9 stablecoins by reported market capitalization. Source: Messari

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Latest comments

at the rate their going stablecoins especially tethers will overtake btc as the biggest coin in 3-5 years, never mind ether flippening. what makes you think govs just won't ban the decentralised stablecoins? it's easier done than said: have cex/dex delist them or face long jail time :)
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