Stablecoin Stability Debate
The cluster centers on discussions about the reliability, risks, backing mechanisms, and viability of stablecoins as stable alternatives to volatile cryptocurrencies, including debates on fiat-backed vs. crypto-collateralized types like DAI and USDC.
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There's a thing called a stablecoin :)
Unless you're using stable coins.
"Stablecoin" != "hard peg to USD"
why would it need to use a stablecoin?
Stablecoins work just fine. Not sure what is the problem you are referring to?
i agree, but there are stable coins...
Assuming the stable coin is actually a stable coin and not backed by hopes and dreams in reality.
I thought stablecoins were a scam?
You mean any stable coin that is _not_ 1-1 backed?
Stable coins don't have to be backed by dollars, e.g. Dai and MIM are over-collaterized with cryptos. Dai survived the fall from ~$2k Ether to ~$50 Ether, and never lost its peg.