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Vance Spencer, Co-founder at Framework Ventures, stated that decentralized finance (DeFi) was not originally designed with USDC at its core.
He indicated an intention to rebuild DeFi using USDS and USDT instead.
Spencer has previously drawn attention to the rollout of the Sky risk framework for new asset support, describing it as an initiative aimed at accommodating all stablecoins. He has also commented that venture fund sponsors retain broad discretion to mark portfolio NAVs. These remarks follow his latest comments on restructuring DeFi around stablecoins other than USDC.