Obviously any USD collateral stablecoin is inherently centralized, possibly permissioned, and has a certain amount of risk. Dai is crypto collateralized which presents its own set of risks.Why have there not been any truly decentralized, no collateral stablecoins that are able to maintain a stable peg through an algorithm? I know a few have tried and failed. A non-collateralized coin seems like the only way to achieve real scalability and decentralization for a stablecoin. What am I missing here?
Submitted November 10, 2019 at 10:26PM
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