> Gemini created an audited, 100% reserve stablecoin; no one uses it. This suggests that there is no genuine demand for stablecoins How then do you explain DAI

> Gemini created an audited, 100% reserve stablecoin; no one uses it. This suggests that there is no genuine demand for stablecoins How then do you explain DAI? It seems to me that people don't want an "audited, 100% reserve stablecoin", they want an algorithmic, decentralized stablecoin that can't be screwed up because somebody seized the "100% reserve."