Another “DeFi Summer” is unfolding in what has traditionally been the most-speculative corner of crypto, with activity surpassing levels seen before the collapse of the TerraUSD stablecoin that sent the sector reeling almost two years ago. Once again, stablecoins are at the center of activity in decentralized finance, where proponents claim the elimination of intermediaries such as banks and brokers through the use of software-driven applications will democratize finance. Stablecoins, which track a real-world asset like the dollar, allow participants to avoid converting to and from fiat money at every turn in the ... (full story)