An apparent, however to this point intractable, resolution to this drawback can be a decentralized stablecoin. Or ideally stablecoins. Sadly, many of the prime DeFi-native stablecoins depegged together with USDC, a centralized and censorable asset that makes up a good portion of supposedly decentralized asset’s backing. LUSD, as an example, tied to the Liquity protocol, has been probably the most profitable, really decentralized stablecoin – sadly, it’s not that steady (it was buying and selling above $1.01 at time of writing).
