In einem Tweet kommentierte Vitalik Buterin, dass Stablecoins viel zu zentralisiert seien und Ethereum dadurch stärker zentralisierten.
Er fügte weiter hinzu, dass diese zentralisierten Münzen nun das gesamte DeFi-Volumen dominieren und den Markt effektiv zentralisieren.
USDC, USDT und andere Stablecoins haben nun die Möglichkeit, Wallets bei Verdacht einzufrieren.
Vitalik bevorzugt neue algorithmische Stablecoins, die durch eine Kryptowährung wie Bitcoin oder Ethereum unterstützt werden.
Seit 2022, nach dem Absturz des Terra USD, sind algorithmische Stablecoins weniger beliebt und die meisten haben sich einem Asset-Backed-Modell zugewandt.
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Vitalik Buterin Openly Criticizes USDC, Favors Algo Stablecoins
12 Kommentare
So far they’ve all failed to be stable.
tldr; Vitalik Buterin criticized centralized stablecoins like USDC and USDT for dominating DeFi and centralizing the market. He advocates for algorithmic stablecoins backed by cryptocurrencies like Ethereum or Bitcoin, aiming to reduce reliance on USD-based stablecoins. Algorithmic stablecoins lost popularity after the Terra USD collapse in 2022, but Vitalik supports their potential to decentralize DeFi. He also suggests moving away from USD as the main stablecoin peg to avoid centralized control.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Custodial Stablecoins are retail CBDCs.
Algorithmic stablecoins(fully backed by underlying assets anyone has the ability to purchase) are people’s money.
Algorithmic Stablecoins take the same benefits of having an account(printing/borrowing money at the lowest possible interest rate) with the federal reserve that’s only reserved for the rich and gives it to everyone. That being said, not all algo stables are created equal, not are fully or over collateralized(some aren’t really collateralized by anything), and not all of them share the same risk profile.
It is going to take some time and big failures before we have a truly decentralized stablecoin that can compete with the liquidity of centralized stablecoins/retail CBDCs.
yes, but we want to $ETH fat $10k first
Vitalik’s right that USDC/USDT concentration kills the decentralization narrative, but [AimyTrade](https://aimytrade.io?utm_source=reddit&utm_medium=comment&utm_campaign=CryptoCurrency&utm_term=MARKET&utm_content=variant_1771001442431_d94rej) tracks which algos actually maintain peg under volatility.
My Algo is stable at -100%
I don’t trust any coin. period. None of this is 100 percent certain. I personally dislike any coin that can’t beat inflation or otherwise give me the potential to beat it in the future through market value.
Stablecoins are an intermediary between your bank account and actual investments, unless you have the potential to beat inflation through stake offerings, which would also make me wary of it.
The idea if Vitalik criticising anything for being ‚too centralized“ is actually pretty funny,
vitalik has a point about usdc being centralized and censorable but algo stablecoins have a terrible track record lol. luna ust literally wiped out 40 billion dollars. the ideal stablecoin probably hasnt been invented yet, something thats decentralized but also doesnt collapse to zero when the market dumps. rai and lusd are interesting attempts but nowhere near usdc adoption
Shit is all a scam.
Except the obvious one of course.
Bless his heart. The market has spoken on this. We’ve actually had plenty of algo stables. They’ve all imploded or struggle to maintain peg. People kinda don’t want them. When it comes to dollars, they actually prefer them just being dollars in a bank rather than some algo doing what algo stables do (implode).
Remember when they said PoS was going to be less centralizing than PoW?
Remember when they said Lido would save staking from the exchanges, it did, was successful and then because it was successful Ethereum turned on it and said they were evil and attacking Ethereum?
Remember when they said L2s and sharding are the future and will help scale Ethereum and reduce fees? Then L2s got popular and reduced fees and then Ethereum declared them evil and of the devil and said it’s shameful that they’re out here reducing fees.
Now it’s stablecoins.
People should be so happy that Ethereum is decentralized. What if Vitalik ran the show and actually had the power to just hand over stablecoins and defi to Solana, BSC, Hyperliquid, Tron, etc?
He says „algorithmic“ but then he clarifies this to mean over-collateralized. This is sensationalized nonsense, since Terra USD collapsed specifically because it was under-collateralized.