Stablecoins II
In the last issue of DeFi Digest, we discussed the need for stablecoins to have utility to maintain their pegs, before diving deep into the different kinds of stables. Now that we have a lay of the (stables) land, we extract essential lessons from stable projects which have come and gone before us. Then, we take a step back to examine the dilemma stablecoins face from first principles.
While the projects below may have different peg-maintaining characteristics and catalysts for their downfall, they have two things in common:
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