2026-01-19 23:21:11

Recently, there has been a resurgence of discussions about offshore USD stablecoins in the market. Although such news appears every year, upon closer reflection, is it really just baseless speculation? If the issuers of USDT or USDC are restricted from certain addresses or cut off fiat on/off ramps, the stablecoins in your account could instantly lose their purchasing power. This kind of risk is indeed worth being vigilant about.

Many people haven't grasped an essential distinction. Centralized stablecoins are essentially IOUs—the issuer's debt to the holder. In contrast, stablecoins generated by decentralized lending protocols (such as lisUSD) are fundamentally CDPs (Collateralized Debt Positions), which are mirrors of your own assets. The difference between the two is significant.

When you deposit BNB into a decentralized lending protocol to mint stablecoins, the entire process has zero barriers—no approval from centralized institutions is needed, nor do you need to worry about who is watching. As long as your collateral's value is sufficient, the smart contract will inevitably recognize your asset rights. No one can arbitrarily press the "freeze" button. This **censorship resistance** is precisely what makes the crypto world so valuable.

From this perspective, decentralized lending systems are not about overthrowing anything but providing an alternative—when centralized systems face risks, at least there is another path to take.

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AirdropFreedom

· 3h ago

To be honest, the USDT system should have considered alternative options long ago. Once frozen, the money is no longer yours.

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CrashHotline

· 3h ago

Offshore stablecoins are shouted about every year, is this finally the year they arrive? To be honest, it's a bit unsettling. It seems like you still need to take control yourself; decentralized lending is really appealing. This approach is much better than the risk of freezing; in front of smart contracts, everyone is equal. It's basically insurance—if the centralized system collapses, at least there's an alternative plan. The moment stablecoins lose their purchasing power, you'll realize what true impermanence is. It looks like I need to learn more about the CDP system; it feels more reliable than hoarding USDT.

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RugpullAlertOfficer

· 3h ago

Talking about stablecoin risks again, but can we really trust the lisUSD system? Isn't it just another ticking time bomb?

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ImpermanentPhobia

· 3h ago

Oh, wait, if stablecoins are frozen, does that mean they are essentially gone? Sounds a bit alarmist. Basically, it's still about multi-chain deployment; don't put all your eggs in one basket. Decentralized lending sounds appealing, but who bears the risk? Anyway, I still trust USDC a bit more. This offshore USD stablecoin story is told every year without any real action; it's too much of a hype. The key is liquidity, my friend. Even if you go offshore, someone has to take the other side of the trade. Censorship resistance is indeed attractive, but in extreme situations, no one can run away. Overthinking it.

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