Vitalik is messing with stablecoins again, this time trying to kick the US dollar out entirely, using AI to calculate individual consumption baskets for anchoring. The idea is indeed creative, but I remain skeptical about its practicality.

ME News message: On June 2 (UTC+8), Ethereum co-founder Vitalik Buterin posted an article, re-sharing his earlier new concept of a “synthetic stablecoin” and exploring the fundamental issue of what stablecoins should be anchored to. Vitalik wrote in the article: If a synthetic stablecoin is built, what should its value remain stable relative to? He believes the U.S. dollar is not the best choice; if the crypto ecosystem relies long-term on stablecoins backed by the U.S. dollar, true decentralization cannot be achieved. He further proposed a solution that does not require fiat: for major goods and services categories, establish price indices and prediction markets, where a locally deployed LLM by each user generates a personalized portfolio of prediction market share allocations based on that user’s individual expenditure structure, serving as a stabilization tool for their “expected expenditure over the next N days.” Under this framework, users can hold assets such as ETH or stocks to accumulate…