I'm still amazed that this whole algorithmic stablecoin hype as really managed to make Tether look reputable in comparison. "Well yes, we might be pulling most

I'm still amazed that this whole algorithmic stablecoin hype as really managed to make Tether look reputable in comparison. "Well yes, we might be pulling most of our money out of thin air, but at least we're not pulling all of it out of nothing like the new guys do". Based on that, I wouldn't be surprised if the next thing is that something even more sketchy and handwavy than algorithmic stablecoins will appear and continue the scam. Self-collateralized stablecoin futures? Multi-pegged multi-chain coins with auto-arbitrage? Probabilistic stablecoins? I have no idea...