[dreamcompiler]

I assume customers will by buying into this stuff with stablecoins, which have the amusing property of being nonvolatile until the day their value plunges to zero over the course of a few minutes.

[tossandthrow]

Have you looked at DEI / MakerDAO? They appear to be quite stable. But they are over collateralized as a stable coin should be.

Also the dollar backed ones would only fail if the foundations behind them fail (Eg. USDC)

[latchkey]

The interesting thing here is that it was TradFi screwing things up for Crypto...

https://www.cnbc.com/2023/03/11/stablecoin-usdc-breaks-dolla...

[tossandthrow]

It seems to be at 0.999 - which like prices in the counter party risk.

(Whether the risk is prices correctly can be discussed)

[latchkey]

As always, actual price depends on the exchange you use.

You're probably looking at coinmarketcap, which sets the price based on the trade pairs.

It is always $1.00 on coinbase.

[tossandthrow]

Well coin bases price is not a fair market price as they have ties to circle - they don't price in the counter party risk.

Any who, even USDC appears to be relatively robost, though with another risk landscape than dai.

[latchkey]

Coinbase is the counter party. It isn't really "ties to circle", it is that both of them are the CENTRE Consortium.

The implied "problem" with USDC isn't depeg, it is this (and who controls it):

https://gist.github.com/chappjc/350aafb9031f7a66986967bf8ab6...