A stable coin is not just about pegging to USD, by and large, the adoption is also tied to a Stablecoin. How good the pegging mechanism is, one thing, but the moment you think to change it or use a different peg might prove to be a setback in the context of onboarding the users from the traditional market.
Stablecoin is also an instrument to bridge the crypto and traditional market, unless the world starts accepting a different form of currency to manage their day-to-day finances, it would be futile to think about any other option. The way forward at the moment should be to look for the best possible pegging mechanism. As such this is also not a problem, the major problem is manipulation, fake minting of coins to push the market, and not being transparent when it comes to accountability. So the crypto community should fix these issues to keep Stablecoins in good standing with the Crypto ecosystem.
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