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GENIUS Act Stablecoin Guarantees Don't Shield DeFi Lending Risk, Ajna Argues

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Institutions evaluating decentralized finance lending often focus on which markets appear safest. Ajna's Mike Hathaway and Joseph Quintilian contend that a more useful question is who holds the power to alter a loan's terms after funds have been lent out. They explain that a fully backed stablecoin does not protect lenders from risks such as a governance vote by token holders or an inaccurate price feed. The piece is an opinion-style analysis published in CoinDesk's Crypto Long & Short column.

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