I was thinking over a longer time span when BTC might be more stable. You're right about DEFI creating a superior coin as specific features can be engineered. I agree that algorithmic-based stablecoins are much more efficient.
I was more wondering about the stability of USD backed stablecoins (collateralized off-chain). In terms of these stablecoins being backed by another currency, what sort of hard currency would you suggest? A precious metal? A basket of tokens/currencies?
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