Vitalik Proposes Personalized “Synthetic Stable Assets,” Says Pegging to the US Dollar Is Not the Optimal Choice

Vitalik Buterin has once again proposed the concept of “synthetic stable assets,” suggesting that their stability anchor need not necessarily be the U.S. dollar. He stated that users’ core requirement for stablecoins is price stability for future expenditures; however, if the crypto ecosystem is built upon dollar-backed stablecoins, it cannot truly be considered decentralized.