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Trust in stablecoins ‘infinitely more important’ than collateral

As the debate over the trustworthiness of stablecoins intensifies due to Terra, one expert thinks builders should push for the coins to be decentralized with a clear use case.
In light of recent market effects due to the collapse of the TerraUSD (UST) stablecoin, several questions should be answered about what makes a stablecoin usable as the crypto market expands.Co-founder of crypto financial service provider VegaX Holdings Sang Lee favors decentralized stablecoins over their centralized counterparts but thinks they must be coins that people can trust, which poses a dilemma for the industry.In a conversation with Cointelegraph on Friday, Lee pointed out that the important utility stablecoins serve in the crypto ecosystem was offering traders a uniform unit of account, like the United States dollar does for the global markets. However, he noted that “the way in which these things are maintained is important, too:”“The

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We współpracy z: https://cointelegraph.com/news/trust-in-stablecoins-infinitely-more-important-than-collateral

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