I feel for anyone worried about stablecoins but long term I believe we need to leave them behind

the core mission of crypto is separating money from the state

USD on the blockchain doesn't further that mission, causes centralization, and paints a regulatory target on our back

TL;DR https://i.imgur.com/7k0Rb2G.jpg

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I don't think this is the right approach. Onboarding at its core requires interoperability at this state. Stables are a crucial aspect in the adoption of crypto at scale. Such an event will help mature the state of stablecoins, much like FTX has pushed the narrative for self-custody

BD @ EthSign and TokenTable | Like to dabble in a lot of things 🤖 | https://linktr.ee/rishithomas | /attestation

I see where you’re coming from. The UX with Dapps and wallets are crucial, but payment rails for now are going to depend a lot on the convenience that stablecoins bring until innovation takes place

I understand this point but disagree.

I don't think crypto needs stablecoins to get over the hump in adoption. The next billion users aren't going to be convinced by centralized dollars on blockchains.

Stables are a nice thing that feels important. But in the current state they are too centralized to be worth it.