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The title is misleading. Bitcoin isn't reliant on Stablecoins. DeFi, is but DeFi !== Bitcoin...

• latchkey 5y ago
  stablecoins enable the ability to exit bitcoin at any time without having to take risk on another equally volatile coin.
• yokem55 5y ago
  While tether gets piped around ethereum between centralized exchanges, few on chain defi applications actually use tether outside of a few stable coin focused swapping apps. Most of the lending and borrowing apps prefer USDC or Dai.
  • latchkey 5y ago
    DeFi now has a plethora of 'stablecoins' thanks to innovation of algo-stables.