Hacker News new | ask | show | jobs
by xur17 1539 days ago
One version of a stablecoin is. There are lots of other forms (ex: algorithmic stablecoins) that are transparently backed by other assets that you yourself can audit.
1 comments
dalbasal 1539 days ago
The value of other assets can change. Only the USD is USD.

It's still the case that users take all the long tail risk, and earn none of the reward.

link