"Algorithmic stablecoins" are a different beast: "These uncollateralized digital assets, which attempt to peg the price of a reference asset using financial en

"Algorithmic stablecoins" are a different beast: "These uncollateralized digital assets, which attempt to peg the price of a reference asset using financial engineering, algorithms, and market incentives, are not stable at all but exist in a state of perpetual vulnerability" http://www.wakeforestlawreview.com/2021/10/built-to-fail-the-inherent-fragility-of-algorithmic-stablecoins/ http://www.wakeforestlawreview.com/2021/10/built-to-fail-the...