Crypto-backed stablecoins for the word. I don't like custodial stablecoins anyway because they're not trustless. Crypto-backed stablecoins can be a real lifesaver for people in countries whose currencies are crap.
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I would agree with you, but I think custodial coins do have a use case and it does help stabilise algorithmic stable coin market too. I agree stable coins are a life saver for many countries, South Africa's currency is pretty rubbish so I know the value a dollar can bring