While the cryptocurrencies are gaining mainstream attention, so does centralized stablecoins like Tether (USDT) and USD Coin (USDC).
Now, vitalik buterin 
vitalik buterin co-founder at ethereum, Bitcoin Magazine Vitalik Buterin is a professional programmer and writer who is famous as the Co-Founder of Ethereum. Buterin along with Gavin Wood, Charles Hoskinson, Joseph Lubin, and Anthony Di launched Ethereum in 2014. He co-created Ethereum when he understood that he could construct a new, possibly enhanced version by iterating on the Bitcoin blockchain.
He has been involved in the Bitcoin community since 2011, writing and co-founding articles for Bitcoin magazine. Vitalik linked Bitcoin to a calculator and a future blockchain to a smartphone and used the same method of improving the system’s strength by making it more general purpose to blockchain network space.
He was honored with the Thiel Fellowship Award in 2014 for bringing his innovative scientific and technical projects to reality, won the World Technology Network prize, Fortune 40 under 40 lists, and appeared on the Under 30 list of Forbes at the age of 23. EntrepreneurDeveloper/ProgrammerAuthor 
Followers : 0 View profile , ethereum 
ethereum Blockchain NetworkTechnology 
Followers : 0 View profile co-founder, claims that these centralized stablecoins are on the verge 
verge Media Followers : 0 View profile of becoming decision makers in the near future, hard forks that are always on dispute.
Vitalik made this statement while in conversation at the BUIDL Asia conference held at Seoul on August 3. He was in talks with near protocol 
near protocol Blockchain Network Followers : 0 View profile co-founder, Illia Polosukhin regarding Ethereum merge.
Ethereum co-founder was seen taking his stance towards centralized stablecoins as he believes that these centralized stablecoins are the one that will help to decide which blockchain protocol the industry will accept for hard forks.
Whenever a blockchain network’s protocol undergoes a significant change that leaves two completely independent versions, this is known as a “hard fork.” And it ends where one chain is given more importance than the other.
Further Vitalik asserts that in future the crypto space will see 100 billion of USDT on one chain and 100 billions of USDT on another, hence Tether should stop preferring one over other.
Centralized Stablecoins To Decide Future ETH Hard Forks
When he was questioned if Ethereum’s upcoming merge would experience anything similar, Vitalik answered that anything such would not happen. He also noted that the centralized stablecoin issue is more related with future hard forks.
However, Vitalik claimed that in the upcoming five to ten years, Ethereum might witness more troubled hard forks where these centralized stablecoins would play a crucial role.
The upcoming Ethereum merge which is scheduled on September 19 is an important technical update for the network, because this will help the system to upgrade from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism
The merge was given a green signal after the Goerli testnet was successfully launched recently last month.
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