Maybe stablecoins are just digital currencies with binary exchange rates. It seems to me that when you declare a digital coin exactly tracks the value of the do

Maybe stablecoins are just digital currencies with binary exchange rates. It seems to me that when you declare a digital coin exactly tracks the value of the dollar, you basically are not allowing its dollar exchange rate to have any values except 1 and 0. It makes sense that when the value of this coin couldn’t possibly remain at 1 it by necessity had to toggle over to 0.