From what I understand, stablecoins generally fall into two categories: 1. Relies on some central entity to buy/sell it as to peg/back it to another asset. 2.

From what I understand, stablecoins generally fall into two categories: 1. Relies on some central entity to buy/sell it as to peg/back it to another asset. 2. Relies on some central observer to sign exchange rates so that the system can automatically adjust its reward system.