everyone is making stablecoin nowaday, trying to solve some problem which honestly already solved, I mean what it means by providing stability for payments and trading anyway, I think pretty much any stablecoin already did that, prominently USDT which being used widely across various platform for trading pair.
most of new stablecoin that's just released recently such as USDe and USD0 always promises democratization and decentralization of stablecoin which does make sense but they just doing the same thing over and over again because such thing already exist.
I think instead of just deploying more and more stablecoin, we should be more invested into creating stablecoin that actually immune to depegging.
Topic: DeFi and Stablecoins: Can WUSD Bridge the Gap or Face More Challenges? (Read 24 times)
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
November 10, 2024, 11:50:49 PM
November 10, 2024, 02:18:55 PM
Stablecoins are most of an infra kinda projects, so no, I'm not watch it because there's no money to be made. Plus, I think we already have too many stablecoins in crypto and with the likes of USDT + USDC getting more 50% of the market share, I doubt there'd be anything left on the table for WUSD. There's even Ethena's stable coin that offers direct yield for just holding their token yet TVL is stuck at $3B. Unless WUSD brings something unique and exciting to the table, ngmi.
November 10, 2024, 12:51:57 PM
DeFi has a lot of potential, but it's not without its challenges. Take WUSD as an example. It’s a stablecoin pegged to the US Dollar, designed to provide stability for payments and trading, which sounds great in theory. But as with any DeFi project, there are risks.
While WUSD aims to bridge the gap between traditional finance and DeFi, there are still concerns around security, regulation, and scalability. Smart contracts can be prone to bugs, and with DeFi being largely unregulated, there’s always a risk of sudden legal changes affecting projects.
I think the real test will be whether these solutions can be fully trusted for day-to-day transactions without falling victim to the same risks that many other DeFi projects face. Whether it’s security, scalability, or regulatory hurdles, there’s still a lot of unknowns in how these projects will evolve.
https://coinmarketcap.com/currencies/worldwide-usd/
Anyone else using or watching stablecoins like this, or do you think they still have a long way to go before they’re truly ready for mainstream use?
While WUSD aims to bridge the gap between traditional finance and DeFi, there are still concerns around security, regulation, and scalability. Smart contracts can be prone to bugs, and with DeFi being largely unregulated, there’s always a risk of sudden legal changes affecting projects.
I think the real test will be whether these solutions can be fully trusted for day-to-day transactions without falling victim to the same risks that many other DeFi projects face. Whether it’s security, scalability, or regulatory hurdles, there’s still a lot of unknowns in how these projects will evolve.
https://coinmarketcap.com/currencies/worldwide-usd/
Anyone else using or watching stablecoins like this, or do you think they still have a long way to go before they’re truly ready for mainstream use?
Jump to: