Vitalik: Three Unresolved Issues with Decentralized Stablecoins Vitalik recently published an article discussing the development of decentralized stablecoins, pointing out several fundamental issues that still need to be addressed: 1️⃣ Value Pegging Currently, most stablecoins are pegged to the US dollar. However, from a long-term perspective, whether we need to explore reference standards beyond the dollar remains a topic worth further discussion. 2️⃣ Oracle Mechanism Design Decentralized stablecoins rely on oracles to obtain price information. How to maintain decentralization while avoiding manipulation by large-scale capital is a critical issue in system design. 3️⃣ Staking Yields and System Security Using staking to generate yields has become a common mechanism, but how to balance the risks it introduces with the "stability" of stablecoins remains a structural challenge. These discussions have also sparked further thoughts on the long-term design direction of decentralized stablecoins. crypto stablecoins