Comment by @itashi • Hey

there isn't much incentive to hold a decentralized stable. historically, decentralized stables have always de-pegged at some point, which is an attractive

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Decentralized stables and centralized stables have different risks. Centralized can have a nice redemption mechanism while decentralized *can* have less of a counterparty risk. Some have the worst of both worlds (UST, etc).
I understand. I also believe we’ve not had the stable coins that we currently have. Money requires trust and decentralized stables offer no trust. However every stables coin I’ve seen depeg I saw the depeg prior. The economics of CurveUSD, Gho & Grai are impressive stable coins much like Dai. The decentralized stable coin story will change this bull market.