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As for the stable coins, the researchers from the University of Chicago claim that their stability is a bit more nuanced. Especially, even a stable coin cannot
by suziemanul 3y ago
As for the stable coins, the researchers from the University of Chicago claim that their stability is a bit more nuanced. Especially, even a stable coin cannot defend against a run https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4226027 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4226027
- hiq 3y agoThis doesn't seem to encompass stablecoins that are fully-collateralized, as many claim to be (which is disputable in a lot of cases). Getting money from users for a token on which you pay no interest and getting the full interest yourself does seem like a good business, it's just not one that would attract customers that have better options.
- rtkwe 3y agoI'm still shocked Tether survived the whole saga of their collateralization being questioned.
- keep_reading 3y agoLUSD is the most stable stablecoin but very few people use it https://www.liquity.org https://www.liquity.org