What Is the Risk of a Treasury Holding a Basket of Decentralized Stablecoins like DAI?

Holding a basket of decentralized stablecoins diversifies the treasury's exposure away from a single centralized issuer, mitigating regulatory and single-point-of-failure risk. However, it introduces 'collateral risk,' as the value of the basket depends on the underlying collateral of each stablecoin.

It also adds complexity in managing the various collateral types and monitoring the peg stability of each asset.