You can have gradations of control. USDT and USDC are centrally managed.
We used to have DAI, which was fully decentralized and over-collatoralized by Ethereum tokens (the native currency of the platform DAI is rooted on) - but the founder mysteriously died as the DAO was taken over and made to begin collateralizing DAI against USDC and USDT, ironically.
It is a shame how far crypto has fallen culturally that this stablecoin business is some niche story. Most people are in it for the money, but many good people are not.
We used to have DAI, which was fully decentralized and over-collatoralized by Ethereum tokens (the native currency of the platform DAI is rooted on) - but the founder mysteriously died as the DAO was taken over and made to begin collateralizing DAI against USDC and USDT, ironically.
It is a shame how far crypto has fallen culturally that this stablecoin business is some niche story. Most people are in it for the money, but many good people are not.