DeFi
DeFi’s summer comeback rekindles questions about the sustainability of 20% returns
Another “DeFi summer” is unfolding in what has traditionally been the most speculative corner of crypto, with activity surpassing levels seen before collapse of the TerraUSD stablecoin that sent the sector gimlet almost two years ago.
Once again, stable coins Cryptocurrencies are at the heart of the decentralized finance business, where proponents argue that eliminating middlemen like banks and brokers through the use of software applications will democratize finance. Stablecoins, which track a real-world asset like the dollar, allow participants to avoid converting to and from fiat currency at every turn in this often volatile sector.