Web3 Lawyer: Centralized USDT Has No Future, What Will Be the Future of Stablecoins?
Blockchain, as a blanket term for technologies derived from Bitcoin, inherently carries strong financial attributes and liberal spirit to some extent. However, under the eaves, people have to bow their heads; to prevent being targeted by mainstream regulators, most Web3 projects strive to prove that their tokens are utility tokens, not security tokens.
However, the troubles between projects are not interconnected. In the world of Web3, there is another type of token that fears users not spending it like money, namely stablecoins. After all, as a means of payment, the most troublesome issue is stability (the Russian ruble says you are pointing at me...).