Why Stablecoin Issuers Are Becoming Key Players in Crypto Governance
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Crypto promised decentralization, then everyone realized the stablecoin issuer still has an admin button

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DeFi: decentralized.
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Crypto users love decentralization until they need customer support.
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Stablecoins quietly became some of the most powerful entities in crypto.
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Everyone talks about blockchain governance. Few talk about stablecoin governance.
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Everyone loves decentralization until stolen funds need to be recovered.
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Crypto built an alternative financial system and then anchored most of it to a few stablecoin issuers.
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The industry's favorite question is no longer "Is it decentralized?" but "Who can freeze it?"
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The closer crypto gets to mainstream adoption, the more governance starts to matter.
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Decentralization is easy to market. Managing real-world compliance is the hard part.
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Crypto's biggest plot twist: the most important assets in DeFi are often the most centralized ones

