goatmeal on Nostr: there is a "stablecoin" called RAI that isn't pegged to any government currency. from ...
there is a "stablecoin" called RAI that isn't pegged to any government currency. from what I've seen the only way to have a decentralized "stablecoin" is to not peg it to anything and just do something to help dampen the volatility. if you insist on having a dollar peg, the stablecoin either fails or it ends up being collateralized by centralized assets. you can't have a dollar peg and decentralization at the same time.
Published at
2024-11-29 22:56:52Event JSON
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"content": "there is a \"stablecoin\" called RAI that isn't pegged to any government currency. from what I've seen the only way to have a decentralized \"stablecoin\" is to not peg it to anything and just do something to help dampen the volatility. if you insist on having a dollar peg, the stablecoin either fails or it ends up being collateralized by centralized assets. you can't have a dollar peg and decentralization at the same time.",
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