The End of Stablecoins is 'Boredom'
If most cryptocurrencies in the crypto world are responsible for telling stories and stirring emotions, then the ideal conclusion for stablecoins might be—so boring that no one discusses them. To be honest, no one wants to check their phone every day to see their money, which they use to 'hedge', going through a rollercoaster ride.
Recently, while reviewing materials, I found that @USDD - Decentralized USD has a rather 'boring' goal: decentralization, over-collateralization, multi-chain deployment, displaying collateral assets and collateral ratios transparently on the chain, and then implementing a bunch of mechanisms that sound very academic, like Peg Stability Module, liquidation logic, risk parameters, all for one purpose: to avoid wild fluctuations and stick closely to $1.
Is it exciting? Not at all, not even a bit. You could even say it somewhat contradicts the romance of the crypto world—no talk of overnight riches, only emphasizing transparency, risk control, and collateral ratios; not chasing daily trending topics, but rather pursuing a situation where every time you check the market, you see the line for USDD flat like a straightened ECG.
But upon reflection, do we really need every asset to be 'exciting'? Perhaps a healthier state is: reserve the passion for highly volatile coins and keep the rationality for those responsible for laying the foundation like USDD. Because no one wants even the three words 'stablecoin' to be shocking right from the start. Do you think achieving boredom in stablecoins counts as a kind of sophistication? #USDD以稳见信