Ethereum co-founder Vitalik Buterin suggests that prediction markets should prioritize hedging strategies to reduce reliance on stablecoins and potentially eliminate the need for fiat currency. He proposes creating prediction markets for everyday goods and services, allowing users to buy personalized shares based on their spending habits. This approach could provide price stability without relying on traditional currencies, making it a more sustainable alternative than the current status quo.
Source: https://decrypt.co/358165/vitalik-buterin-hedging-on-prediction-markets-could-replace-fiat-currency