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In fact, I think there are numerous stablecoins whose peg is maintained through mechanics typically associated with central banks, which have been decentralized
by pcthrowaway 2y ago
In fact, I think there are numerous stablecoins whose peg is maintained through mechanics typically associated with central banks, which have been decentralized. Some (Maker DAO's DAI for example) have been holding at +/- 0.2% of peg, 99.9% of the time, for years.