Vitalik: The crypto industry needs to address three major issues to develop better decentralized stablecoins.

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PANews reported on January 11 that Vitalik Buterin stated that the crypto industry currently needs better decentralized stablecoins, and three issues remain to be addressed:

  • Ideally, a more suitable tracking index should be found than the price of the US dollar.
  • Decentralized oracle design that cannot be controlled by large sums of money
  • Solving the problem of competition for pledged returns

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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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