People and companies that are Ethereum-aligned should make decisions that are in the best interest of Ethereum and oriented towards growing the value of ETH. ETH is the most powerful collateral on the Ethereum platform because it represents Permissionless Economic Bandwidth. Nobody can stop you from using ETH as you wish on Ethereum, whereas your use of USDC, while often convenient, is always censorable by companies and governments. Using USDC as collateral makes us all vulnerable to centralized entities that can halt its usage, so we should all prefer to use ETH as collateral in situations where that is acceptable rather than USDC. Companies that tell you the opposite are not very Ethereum-aligned. I like stables for payments, but prefer ETH for collateral in many cases. And I hate stables as payment for block space or transaction fees. So while I am excited about stablecoins becoming legal and massively more popular on Ethereum, we should consider them a stepping stone on the path to mainstream adoption of Ethereum, not an end goal.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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