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DAI is collateralized by crypto. A lot of it is USDC. The problem with unstable collateral is that it unwinds in market downturns, making the stable coin less
by VHRanger 5y ago
DAI is collateralized by crypto. A lot of it is USDC.
The problem with unstable collateral is that it unwinds in market downturns, making the stable coin less useful when most needed