Why the GENIUS Act’s Guarantees Fall Short of Covering DeFi Lending
Key Highlights: Stablecoins are gaining clearer guidelines and expanding into sovereign-scale use cases, including debt servicing and broader U.S. dollar distribution. Despite this growth, decentralized finance (DeFi) lending markets remain constrained by structural vulnerabilities tied to centralized decision-making, token-holder votes, and shared oracle feeds. The convenience introduced by curated vaults and standard risk managers has ...