I think it's interesting to remember too that these asset-backed centralized stablecoins (I'm referring to USDC here) are actually driving centralized control o

I think it's interesting to remember too that these asset-backed centralized stablecoins (I'm referring to USDC here) are actually driving centralized control of the chains on which they reside. Asset-backed stablecoins, being ostensibly on-chain references to real-world value, cannot fork and retain their value across both forks. They provide the overwhelming majority of the actual economic utility of a given chain which means that a fork of any major chain that hosts them is basically impossible. A contentious network decision is at basically the sole discretion of Jeremy Allaire and lord help us Paolo Ardoino. So not just the government.