Vitalik Buterin questions DeFi’s reliance on centralized stablecoins

The Ethereum ecosystem’s dependence on centralized stablecoins is forcing it to face a fundamental reckoning. Vitalik Buterin, the network’s co-founder, has questioned popular stablecoin strategies in decentralized banking. He believes that many of the products currently on the market do not function as DeFi should. He made it clear in his remarks on X that […]