Stablecoin Regulation Expected to Revolutionize DeFi Landscape

Mindao, founder of the DeFi protocol dForce, believes upcoming stablecoin legislation will profoundly impact the industry. He anticipates that this regulation will benefit decentralized protocols (DeFi) most. According to Mindao, as stablecoins diversify away from decentralized models towards investment-focused types like USDC and GHO, their adoption within protocols will decline, with only those used internally or within investments experiencing growth. He notes that the compliance challenges faced by USDC may contribute to USDT’s potential for growth as a shadow dollar.