Stablecoin is a very profitable business, which already found its product market fit in the ecosystem. Millions of people around the emerging markets use stablecoins to access USD, which was not possible before. However, it should be noted that even though stablecoins are a byproduct of the crypto ecosystem, at the current state, they inherently clash with the main ethos of crypto, decentralization. As known, the biggest stablecoins in terms of market cap are fiat-backed stablecoins such as $...

Stablecoin is a very profitable business, which already found its product market fit in the ecosystem. Millions of people around the emerging markets use stablecoins to access USD, which was not possible before. However, it should be noted that even though stablecoins are a byproduct of the crypto ecosystem, at the current state, they inherently clash with the main ethos of crypto, decentralization. As known, the biggest stablecoins in terms of market cap are fiat-backed stablecoins such as $...