It's a pretty mixed-up theory I'd say. Doom for the dollar would kill all stablecoins tracking the USD as an underlying currency.
Before that would even be possible, considering that stablecoins only promote the importance of the USD, the world would have to have taken a shift away from pricing commodities against the dollar. Without replacing that one function, there's no replacing the USD.
Side-note; for linking purposes, that Aave announcement was also published on leofinance here (would be great for SEO and my publicity obviously) if that was the referred article instead;)
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The USD is a lot bigger than just being used to purchase commodities. That is a key point that many people miss.
When we look at the financial system, the USD is deeply entrenched.
The idea about the doom of the dollar was spewed over the last 30 years and yet it only keeps expanding.
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