I will say this.. Instead of focusing on what a stable coin is.. I want to focus on what i believe it shouldn't be. I think it's so oxymoronic to say a stable coin is something backed by fiat currency.. that's so anti crypto and dumb. bitcoin is the closest thing to a stable coin we have. I would say bitcoin myk in the future will be better as one simply because i would venture the most trusted reliable stable coin will be the one the public has the most interest in network wise. so if i have a stable currency that supplies me a dividend for being part of that network then more people are probably open to building a network that gives them value as opposed to some uknown entity using a basket of unstable govt decreed fiat currencies which is utterly dumb but then bitcoin is similar in that we don't know who has the most stake in it. the bottomline the more people that have a vested winning interest in that network will produce the best stable coin and i think that's just common sense. i'm never going to trust tether or any of them. i'm going to trust the one best for the world and the world will know what that is just like they know tether is full of shit.
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