Ethereum needs better decentralized stablecoins: Vitalik Buterin

Ethereum co-founder Vitalik Buterin has emphasized the need for more robust decentralized stablecoins, arguing that backing them solely with a single fiat currency poses significant risks. He warns that if the nation-state backing the currency fails, the stablecoin will also collapse, highlighting the importance of diversifying collateral to enhance stability.

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Source: CoinTelegraph · Report an issue