> Stablecoins aren’t a zero-trust system. It’s a system where you need to trust both the underlying currency and the developer. You can minimise and swap these

> Stablecoins aren’t a zero-trust system. It’s a system where you need to trust both the underlying currency and the developer. You can minimise and swap these risks for others. It all depends on what the threat model is. The collateral can be asset backed diversified across multiple countries and not dependent on a single currency. Some of the newer and upcoming stablecoins use asset in crypto to back themselves to reduce any dependency on country backed currency reserves. Developers can and do burn control of the contracts once its established that they are safe and not exploitable. Of course this is a risk where you cannot make any future change but protect against risk of developers rugging you.