τέχνη's avatar
τέχνη 1 year ago
Btw, I said “differing means of various effectiveness” because they’re not all just pegged to an existing currency. You can have a stable coin that is just algorithmically stable to an arbitrary price even. I’m just saying, that is not the issue either.

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frphank's avatar
frphank 1 year ago
What are they pegged to if not an existing currency? I only know Tether, Circle and the likes. Currencies like USD and EUR are some of the most stable currencies we have right now. A coin isn't stable unless it's pegged to that. I know some are pegged to gold but gold is pretty unstable in the first place.