>>62637967
Open USD is going to destroy this, isn't it?

>>62638089
Yes. Based on recent events the central governmental control is an important driver of DEFI.

>>62638169
I sense some sarcasm in your post. Some algorithmic USD stablecoin or whatever decentralized alternative can't do the same as one backed by tradfi giants like BlackRock. In a naive ideal cypherpunk world Sky aka Maker would've issued hundreds of billions to trillions of DAI but there's not enough decentralized collateral for that. For a USD stablecoin that's 100x the size of the playthings we've had until now you need a centralized entity to hold treasuries, so 140 corpos joining under one standard is actually more decentralized than Circle/Tether which is what we have now.

wew