[chiefalchemist]

> Stablecoins are supposed to keep parity with an underlying asset, usually the U.S. dollar

This always stumps me: This cryptocurrency's value is tied to a fiat currency? Therefore, it's less a currency and more of a method of payment.

How does any cryptocurrency establish its own scope - universe if you will - if ultimately, it's pegged to a non-crypto currency (e.g., the dollar). How does a crypto currency avoid the financial "mood swings" of the currency it's pegged to?