VDAO Ep 12 The Hidden Risks of Stablecoins (And Why Decentralization Matters) | Michael

In this episode, Michael explores one of the most overlooked risks in crypto today:

Are stablecoins actually safe?

As billions flow into stablecoins, most users don't realize the hidden layers of risk from custodians and intermediaries to complex yield strategies happening behind the scenes.

This conversation breaks down the difference between centralized vs decentralized stablecoins, and why that distinction matters more than ever.

From early Ethereum days to building in DeFi, Michael shares how crypto unlocks true financial sovereignty giving individuals the ability to opt out of fragile systems.

Topics covered:

• What inspired Michael to build in Ethereum

• Peer-to-peer finance & financial sovereignty

• What "resilience" and "anti-fragility" really mean

• Stablecoins explained (simple breakdown)

• Centralized vs decentralized stablecoins

• Hidden risks in yield farming ("trust me bro" zone)