#MyWeekendTradingPlan 🍿 DAI has effectively lost its status as a fully decentralized stablecoin: a significant portion of its backing is centralized USDC and real-world assets off-chain.



In parallel, MakerDAO is pushing USDS with address freezing functionality, gradually draining liquidity from DAI — and the protocol is increasingly dependent on traditional finance.

Paradoxically, it's against this backdrop that Vitalik Buterin in 2026 calls for more decentralized stablecoins: competition for yield almost inevitably pushes projects toward centralization.
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