Are truly-decentralized stablecoins still worth it?

[Abiky]

It's been quite some time since I haven't heard of truly-decentralized stablecoins gaining traction. Not since the Terra/LUNA crash of 2023. I'm talking about stablecoins such as DAI, USDJ, and the likes. DAI upgraded to USDS a while ago, and now has a built-in "freeze" function ready to deploy upon the approval of a decentralized "governance" board. This makes USDS regulatory-compliant, putting into question its decentralized nature.

I believe increasing crypto regulations has ultimately ruined the decentralized stablecoins industry. Or am I wrong?

Your input would be greatly appreciated. Thanks.

[TastyChillySauce00]

It's still worth it but the only decentralized stablecoin worth holding is only DAI in my opinion.

I usually diversify my stablecoin and it's always between USDC, USDT, and DAI. I really like to keep my stablecoin in DAI but the liquidity in CEX is just low that I don't feel like holding too much. USDS is a bad news though although I hold some.