Stablecoins can, when interest rates are reasonably above zero, support themselves with the interest on the money. That could potentially work. The industry tra

Stablecoins can, when interest rates are reasonably above zero, support themselves with the interest on the money. That could potentially work. The industry tradition, however, is the promoters stealing the money.[1] Usually by investing it in something risky, with the intent of keeping the excess profits but dumping any losses on the stablecoin holder. Trump has a stablecoin, "USD1". It's partly backed by Trump's memecoin, "TRUMP" Really.[2] What could possibly go wrong?[3] [1] https://www.web3isgoinggreat.com/ https://www.web3isgoinggreat.com/ [2] https://www.msn.com/en-us/money/companies/usd1-the-cryptocurrency-behind-the-trump-familys-wealth-surge/ar-AA1HTSup https://www.msn.com/en-us/money/companies/usd1-the-cryptocur... [3] https://coinmarketcap.com/currencies/official-trump/ https://coinmarketcap.com/currencies/official-trump/