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by benatkin 503 days ago
The word stable doesn’t appear once in the post except for within the word stablecoin. It’s important to get past the name. It’s a pegged coin, the attempted stability is in terms of it being pegged, and people need to do their research on how well a coin achieves that just like with all of DeFi.
1 comments

Pegged to the US Dollar, which is not stable, but maybe the least volatile Fiat currency in the world, so it's an upgrade for most people. I just worry about the nature of these pegged crypto currencies. Are they really safe?