>>60821855
>If that issuer becomes fixated and corrupt, the market demand for one which is not, or alternative payment types emerges.
The alternate payment type will require vast sums of capital to be created.
If most people are poor, who will be left to create it?

It's like if Blackrock and other companies buy up every single house on the open market in the UK.
But they don't sell them.
They instead turn them all into rentals, and charge high prices for rent.
The open market demands alternatives, but none are possible in a system where almost no one has startup capital left.

Also, Stablecoin regulations exist in Europe and America, being phased in over the next couple of years.
Governments will be able to block new stablecoin issuers from operating on centralized exchanges, if they don't want to comply with account freezing and clawbacks for those people opposing their control.
And governments will go after the on and off rails to defi.
The noose tightens.

>the ledger itself forms a totally new structure by which to not be bottlenecked and cucked by institutions
Institutions speak out of both sides of their mouths.
Pic related.