2026-01-11 07:51:45

Stablecoins may seem simple, but in reality, they hide three difficult challenges.

First is the issue of the pegging mechanism. Why keep your eyes solely on the US dollar? This approach inherently limits the imagination of stablecoins. Instead of rigidly sticking to the dollar, it's better to explore a more independent valuation standard that can truly reflect changes in purchasing power, thereby adapting to more complex market environments.

Second, the centralization risk of oracles is often underestimated. If oracles are easily captured by capital, security becomes a false proposition. Falling into this dilemma means extracting high value to maintain system stability, and ultimately, users bear the cost. This is a vicious cycle.

Finally, various coordination issues under the PoS mechanism must be handled well. These seemingly isolated technical challenges are actually interconnected. For stablecoins to truly survive, they must overcome these hurdles one by one.

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ChainChef

· 2h ago

nah the oracle thing is lowkey the whole recipe falling apart tbh... one captured oracle and suddenly you're just seasoning with fees while users get left holding the bag. seen this soup spoil too many times fr

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LightningLady

· 5h ago

Basically, stablecoins are still in the nonsense stage; no one can bypass the real challenges.

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APY追逐者

· 01-11 08:21

It's the same old story again; the fact that oracles are captured by funds has long been an open secret.

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GasFeeBarbecue

· 01-11 08:21

The old trick of pegging to the US dollar has long been due for a change. The day oracles are corrupted by capital, stablecoins will become a complete joke, and users will suffer heavy losses. PoS coordination is indeed difficult, but don't worry, technology will solve it step by step. Honestly, stablecoins are still in the exploration stage; whoever truly solves these problems will win. These three hurdles are indeed real issues, not just hype. Instead of debating how troublesome the US dollar is, it's better to see who can first implement an alternative solution. It feels like everyone is blindly innovating, waiting for which project will fail first...

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gas_fee_therapy

· 01-11 08:20

Basically, stablecoins aren't that stable after all. The whole oracle betrayal thing really makes people upset.

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TooScaredToSell

· 01-11 08:06

The oracle part is indeed a cancer; once it gets messed up by capital, it's game over. Stablecoins are now playing the impossible triangle game. To put it simply, someone still has to pay the price for price stability, and this fate can never be escaped.

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ChainMaskedRider

· 01-11 08:05

That's right, it's these three hurdles that are the most annoying. I'm most afraid of the oracle part; once the funds are manipulated, everything is over. Dollar pegging is indeed a bit conservative, but designing an independent pricing benchmark isn't easy. Who will set the standard? The PoS coordination is even more brilliant; everything is interconnected and well thought out. To keep stablecoins alive, all issues must be fully addressed. By the way, is there really a project that can solve all three of these? It feels like just a different flavor of the same old problem. The biggest risk is the oracle; if it fails, users could lose everything. I agree that the pegging mechanism limits imagination, but abandoning the dollar might lead to even greater instability.

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