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