Curve Finance Founder: Assets Backing Centralized Stablecoins Susceptible to Freezes and Seizures

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Curve Finance Founder: Assets Backing Centralized Stablecoins Susceptible to Freezes and Seizures In a candid interview with Cointelegraph, Michael Egorov, the founder of the decentralized finance (DeFi) platform Curve Finance, shed light on the inherent vulnerabilities of centralized, collateralized stablecoins.

Egorov expressed concerns that the cash deposits and government securities, such as U.S.

Michael Egorov’s critique of centralized stablecoins underscores the inherent risks associated with their collateralization and centralized control.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Curve Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 15:50:28 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 665 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23351843

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 28 posts per day

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Headquarters: India

News Last Updated: 9 hours ago

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