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Stablecoin Paradox: Promise and Centralization Risks

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Stablecoins, built on blockchain technology, aim to offer stable value but bring new centralization risks. Instead of relying on decentralized consensus, they depend on trust in issuing entities. This shift may disrupt traditional finance, boost market concentration, and raise regulatory concerns. Technology underpinning stablecoins could also deepen global financial divides and complicate international monetary systems.
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