DAI de-pegged is the one that concerns me the most, Maker team has a chance to truly decentralize itself with this USDC mess, but the team decided to stick with USDC. The issue here is that we have not seen truly decentralized Stablecoins yet, there has been a lot of experimentation around this but none of them has been a true success, with one shortcoming from another, I just hope that this cycle we will see a truly decentralized Stablecoins. DAI team seems to be contented with their success so far and there has not been any improvement from them.
This tells us that no stablecoin can be decentralized if they depend on the centralized banking system to survive. After all, Fiat is centralized. This brings many single points of failure crypto/Blockchain tech was meant to avoid in the first place. People are starting to distrust stablecoins after the Terra UST implosion, and now, the USDC & DAI de-peg. Things appear to be back to normal, but the damage has already been done.
Regulators need to weigh in the industry to help prevent another crisis from happening in the future. Only then, investors will feel confident on stablecoins as a true alternative to traditional Fiat. Who knows what would be of stablecoins in the long run? Just my opinion
