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...it's clear that stablecoins can only go down in value That's just a truism, regardless of the stablecoin or the state that it's in. No-one should ever expec
by joosters 4y ago
...it's clear that stablecoins can only go down in value
That's just a truism, regardless of the stablecoin or the state that it's in. No-one should ever expect a $1 stablecoin to trade significantly higher than $1, since the creators of the coin can easily arb the difference to pocket some free money.
- netheril96 4y agoActually, certain alogrithmic "stablecoins" are designed to oscillate around fiat so it is possible to be higher than $1. An example is AMPL: https://coinmarketcap.com/currencies/ampleforth/ https://coinmarketcap.com/currencies/ampleforth/. Of course, its value oscillates so much that "stable" might be a misnomer, but that is its goal.