An apparent, however up to now intractable, answer to this downside could be a decentralized stablecoin. Or ideally stablecoins. Sadly, a lot of the high DeFi-native stablecoins depegged together with USDC, a centralized and censorable asset that makes up a good portion of supposedly decentralized asset’s backing. LUSD, as an example, tied to the Liquity protocol, has been essentially the most profitable, actually decentralized stablecoin – sadly, it’s not that steady (it was buying and selling above $1.01 at time of writing).