Stablecoins sound boring but are the backbone of Defi. But the decentralized stablecoins we know today like Tether, Pax and DAI are under attack by centralized stablecoins and the soon to arrive Central Bank Digital Currencies. Doesn’t sound like a big deal right? Wrong. Centralized Stablecoins are the trojan horse for governments to make programmable money; subverting crypto to turn it into their own centralized, discriminatory, freedomless society. The stakes are high and you need to know what’s happening the behind the scenes.
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