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Mindao: The Stablecoin Act is a Purge of Native DeFi Stablecoins and Most Existing Fiat Stablecoins

Mindao: The Stablecoin Act is a Purge of Native DeFi Stablecoins and Most Existing Fiat Stablecoins

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金色财经金色财经2025/05/20 11:59

May 20 news, Mindao, the founder of the DeFi protocol dForce, stated on social media that the stablecoin bill is a purge movement against native DeFi stablecoins and many existing fiat-backed stablecoins. The industry has entered the closing phase. USDC, a semi-compliant fiat-backed stablecoin, also has a very shallow moat and faces a dimensionality reduction attack.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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