In brief
- Vitalik Buterin says today’s stablecoins are too dependent on the U.S. dollar.
- The stablecoin market has exploded to more than $300 billion as banks and institutions embrace the technology.
- Crypto insiders warn that institutional control could undermine the original goal of decentralized, censorship‑resistant money.
Ethereum co‑founder Vitalik Buterin has warned that today’s decentralized stablecoins are not resilient enough to support crypto’s long‑term vision, arguing that the industry needs new designs that are less dependent on the U.S. dollar and less vulnerable to capture by wealthy actors.
In an X post on Sunday, Buterin said existing models suffer from three core flaws, namely reliance on a single fiat price…
Jan 13 2026
