Decentralized stablecoin lisUSD is trending, and many people want to use it as a "dollar substitute" to accumulate. But to be honest, you need to think this through carefully.

The value backing of lisUSD comes from over-collateralized crypto assets, not a bank's fiat reserves. Simply put, its price peg relies on market incentives and liquidation mechanisms, not a guaranteed redemption promise. This is the cost of decentralization—volatility risk is shared by the code and the market.

Here's how I personally use it: frequently trading it for swing trades and participating in mining during DeFi interactions, and it works well. But if I have an urgent need for fiat currency payments, I would definitely not hold a large amount of lisUSD the day before. When the market falls into extreme panic, decentralized stablecoins can temporarily lose their peg. Although Lista DAO's hard and soft peg mechanisms can restore the price, that also takes time.

The key is to understand the true meaning of "decentralized." It is a powerful tool against censorship, but not risk-free. Using lisUSD as a medium for on-chain interactions is very appropriate, but storing it as a reserve for offline purchasing power should be approached with caution.

(The above is a personal research sharing, not investment advice)