Vitalik Buterin on Decentralized Stablecoins: What It Means for DeFi
What are decentralized stablecoins? A decentralized stablecoin aims to maintain a stable value while being issued and managed onchain, without relying on a single company to mint or redeem dollars. Stablecoins are already central to decentralized finance (DeFi). Because fiat money is not native to blockchains, stablecoins perform the day-to-day role of moving value between...
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