I gave you the most dramatic example. So far no undercollateralized, algorithmically backed $1 stablecoin has sustained a reliable peg at scale over multiple ye

I gave you the most dramatic example. So far no undercollateralized, algorithmically backed $1 stablecoin has sustained a reliable peg at scale over multiple years. Zero. Nada. There was always somebody somewhere exploiting it. TerraUSD USN USDN Basic Cash All failures so far, every time a death spiral. FRAX started as algorithmic and had to move to over collateralization Same with DAI You really can’t call them like that once they become backed by USDC