Vitalik: Industry Needs Better Decentralized Stablecoins, Still Three Key Issues to Solve

BlockBeats News, January 11th, Vitalik published an article stating that the current crypto industry needs a better decentralized stablecoin, and there are still three issues to be resolved:

· Ideally, a more suitable tracking index than the USD price should be found: One of the visions of national-level resistance should be to eliminate reliance on the USD price.

· Decentralized and oracle designs resistant to large capital control: If oracles can be bought by large funds, to defend against attacks, the protocol can only raise the cost of attack above the protocol's market value through high-value extraction.

· Addressing the staking yield competition issue: If a stablecoin cannot provide a competitive yield (currently often lagging behind staking yield by several percentage points), it will be difficult to attract funds in the long run.