Crypto Still A Bit of “Wild West” — MIT Media Lab
Narula drew a clear line between centralized exchanges, which experienced major disruptions, and decentralized protocols, which continued to operate as designed. The crash was painful for many, she acknowledged, but the core infrastructure proved remarkably resilient.
Still, she was quick to point out that resilience isn’t enough. “I’d love to see more focus on users and value-driving use cases, rather than just speculation,” she said.
The conversation turned to stablecoins, where Narula highlighted a key challenge: the disconnect between stablecoin issuers and everyday users. While a select group can redeem stablecoins directly for dollars, most people can only trade them on secondary markets—where the value can…
