Can Stablecoins Power Decentralized Finance Without Centralizing It?

Stablecoins have come a long way in decentralized finance. In 2020, DEX liquidity was mostly in ETH and wrapped BTC. Today over 70% of trading pairs and lending pool deposits are denominated in fiat-pegged stablecoins, with USDC and USDT leading the pact. It seems that stablecoins offer the price …