gaining steam even among the Wall Street crowd. DeFichain is already doing that. Right? I get the feeling that if dUSD wasn't at zero (basically) then the tokenization of stocks/real world assets narrative would be pumping DeFichain bigtime.
DUSD collapsed and CakeDefi go pulled from USA users. MetaChain along with tokinized assets would moon DeFichain.
Does anyone know if CakeDeFi will get back to the States?....and if any institutions are interested in DeFichains tokenized assets? That would help bring in much needed capital and prove to be a real usecase for DeFichain.
I agree the Achilles heal For Defichain is dusd
I just can’t see the ecosystem thriving with dusd as it is , if you need a bull market to “fix it” which arguably we are already in one why would anyone risk it. I want to this succeed as much as the next person. The question for me, is DUSD part of it metachain? Ie is it required for it to function?
Well we can't and won't abandon it.. we will fix it.. and make it better..
Fair enough - I hope I’m wrong.
Thats exactly my point. dUSD is basicly Credit Suisse of Stablecoins rightnow. One thing i can say for sure is that there is no demand from market for a "stablecoin" that is not stable 😄 It doesnt matter if decentralized or centralized. If one claims to be stable thats what is expected, the market wants that, its simple. If its not possible to achieve, lets swallow the bitter pill and take a lesson and move on.
Couldnt agree more brother. As some of us suggested at that time, they should never have called the dusd a stablecoin as it was never a stable coin not even when dusd pumped to 1.30. Things are as they are and bullrun has already started. Lets move on, all of us will be winners anyways 🙏
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