According to @CoinMarketCap, Vitalik Buterin identified three structural problems for decentralized stablecoins: reliance on USD as the price benchmark, vulnerability of oracles to manipulation, and competition for capital versus Ethereum staking yields, all of which directly shape peg robustness and capital allocation in DeFi. Source: @CoinMarketCap For traders, this highlights three immediate risk checks: monitor peg stability relative to the USD benchmark, evaluate oracle architecture and manipulation resistance in protocols, and compare real yield spreads between decentralized stablecoin returns and ETH staking yields when allocating liquidity. Source: @CoinMarketCap These factors can inform position sizing and risk management across DeFi pools and stablecoin exposure, especially where oracle-dependent pricing and staking yield alternatives influence liquidity flows. Source: @CoinMarketCap