# All the Value Is Onchain - Panel

- Channel: [Stable Summit](https://streameth.org/stable_summit)
- Date: 2025-12-09
- Duration: 39:48
- Watch: https://streameth.org/watch/yt-eOhqyLs5mUE
- YouTube: https://www.youtube.com/watch?v=eOhqyLs5mUE

## Description

This panel brings together builders to explore the evolving landscape of decentralized stablecoins. They break down the design trade-offs, credit vs. collateral, yield vs. volatility, trustless vs. regulated, and why decentralized stables still represent less than 1% of the market. The conversation dives deep into immutability, the trauma left by Terra/LUNA, and the long-term need for trustless money on Ethereum. The builders debate scalability, governance, and whether a category winner will eventually emerge. A must-listen for anyone interested in the future of stablecoin design and Ethereum’s trustlessness.

Speakers:
Ben Weintraub: Founder, Nebula 
Bert Kellerman : Founder, RAI Dollar
Cyrille : Contributor, f(x) Protocol
Ben Weintraub - Founder, Nebula 
Bert Kellerman - Founder, RAI Dollar
Cyrille - Contributor, f(x) Protocol
Mod: Nate H Founder, TokenDynamics