Decentralized stablecoins could eventually dominate the stablecoin market, according to Rune Christensen, co-founder of MakerDAO. He believes that decentralization boosts security and resilience, making decentralized stablecoins more attractive than centralized stablecoins like Tether, which have been scrutinized over transparency and backing concerns. Decentralized stablecoins use collateral and decentralized networks of users, resulting in greater transparency and resistance to central authority. As the DeFi sector expands and investors look for alternatives to traditional finance, stablecoins’ usability may extend beyond their original purpose for trading.
About Author
