Wall of love for Stablecoin Diversity

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Chris Blec

@ChrisBlec

The executives & politicians that run USDC & USDT have total control over future Ethereum hard forks. When a fork occurs, stablecoin issuers will only follow one path. Not both. DeFi on the path they abandon will suffer an apocalyptic death, rendering the chain uninhabitable.
The executives & politicians that run USDC & USDT have total control over future Ethereum hard forks. When a fork occurs, stablecoin issuers will only follow one path. Not both. DeFi on the path they abandon will suffer an apocalyptic death, rendering the chain uninhabitable.

Glo Dollar

@glodollar

If an infrastructure layer is critical, diversity of clients is a must. For stablecoins, 87% of the market = controlled by 2 companies. This dual point of failure poses a systemic risk.
If an infrastructure layer is critical, diversity of clients is a must. For stablecoins, 87% of the market = controlled by 2 companies. This dual point of failure poses a systemic risk.

mcarrica

@mcarrica

Tether's 1.48B profit equates to a 7.9%APY This is 67% higher than the risk-free rate. The 7.92% APY alone should already ring some bells! Most likely the extra return is associated to risk. Risk that is taken by the depositor.
Tether's 1.48B profit equates to a 7.9%APY This is 67% higher than the risk-free rate. The 7.92% APY alone should already ring some bells! Most likely the extra return is associated to risk. Risk that is taken by the depositor.

Forbes Crypto

@ForbesCrypto

Here's what the aftermath of the SVB collapse reveals about stablecoins: forbes.com/sites/digital-assets/2023/03/13/svb-banking-crisis-shows-usdc-stablecoin-is-still-wildly-unstable
Here's what the aftermath of the SVB collapse reveals about stablecoins: forbes.com/sites/digital-assets/2023/03/13/svb-banking-crisis-shows-usdc-stablecoin-is-still-wildly-unstable

Ariah Klages-Mundt

@aklamun

7 of the largest 10 stablecoins depegged as a massive bank run effect rippled across crypto What happened and what are the lessons for the space: 🧵👇
7 of the largest 10 stablecoins depegged as a massive bank run effect rippled across crypto What happened and what are the lessons for the space: 🧵👇

Cointelegraph

@Cointelegraph

Ethereum co-founder Vitalik Buterin says that centralized stablecoins like Circle's USDC have the potential to become “significant deciders” in future "contentious" hard forks. cointelegraph.com/news/vitalik-centralized-usdc-could-decide-the-future-of-contentious-eth-hard-forks
Ethereum co-founder Vitalik Buterin says that centralized stablecoins like Circle's USDC have the potential to become “significant deciders” in future "contentious" hard forks. cointelegraph.com/news/vitalik-centralized-usdc-could-decide-the-future-of-contentious-eth-hard-forks

James Rule XRP 👊😎

@RuleXRP

kirk (audit arc)

@OneTrueKirk

I wrote about how stablecoin diversity is a good thing, and some thoughts on next iterations medium.com/@kirkhutchison/let-a-thousand-stablecoins-bloom-ae01aaf15a73
I wrote about how stablecoin diversity is a good thing, and some thoughts on next iterations medium.com/@kirkhutchison/let-a-thousand-stablecoins-bloom-ae01aaf15a73