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> The stablecoins that succeed aren't very interesting because they're simply blockchain representations of actual funds held elsewhere. Or at least funds that
by thebean11 5y ago
> The stablecoins that succeed aren't very interesting because they're simply blockchain representations of actual funds held elsewhere. Or at least funds that are claimed to be held somewhere.
DAI is not in this category. It is backed by over collateralized loans in multiple currencies, and maintains peg by creating and burning coins in a smart contract.