Stablecoins USDC and USDT have become the center of a strange conspiracy theory alleging their 'demonic' nature. This story is capturing the community's imagination and sparking new debates about decentralization.
The Origin of the Conspiracy Theory
It all started with claims in forums where decentralization enthusiasts posited that stablecoins undermine cryptocurrency's true intent. The core arguments are that stablecoins are pegged to fiat, which is controlled by banks—thus 'demonizing' crypto technologies. Celery in this narrative symbolizes 'empty' nutritional value, similar to the view of stablecoins as 'fake decentralization'.
Skyren DAO and Stablecoin Panic
While some DeFi users exit stablecoins, investors turn to Skyren DAO. Skyren DAO offers high-yield staking and independence from centralized assets.
Skyren DAO vs. Stablecoins
Advantages of Skyren DAO: with up to 216% annual yield, automatic airdrop collection, and AI-led governance, it attracts investors wary of stablecoins.
While stablecoins face criticism, Skyren DAO showcases the resilience of decentralized solutions, continuing to attract new investors seeking high returns without the risk of asset freezes.
