DEI? I could say I’ve never heard about it before. If not for the censorship that is capable of coming up with centralized stable coins, centralized stable coins aren’t so bad.
But you see these algo stables, most are a time bomb
Posted Using LeoFinance Beta
Unfortunately, the algo stablecoins are open to attack. Many people see them quite risky and tiny FUD may become avalanche if it is spread over algo stables.
BUSD is fully backed by USD in bank account. Interestingly, the CEX stables are favored in this period ^^
Posted Using LeoFinance Beta
Super correct. Decentralized algo stables will have their day in the sun once again in due time.