Our categorization is based on two key dimensions, resultingin a 2× 2 matrix that classifies stablecoins into four types. The first dimension pertains to thesourceof collateral,i.e., whether it comes from an exogenous source (such as fiat money and goldreserves) or an endogenous source (such as crypto assets like sUSD and TerraUSD). The second dimension pertains to the managementof collateral,i.e., whether a central entity or mechanism manages pooled collateral and decides when to expand or contract supply, or whether individualsmanage their collateral “decentrally” (i.e., in a decentralized way) and mint and burn stablecoins to adjust supply.
Interesting analysis. Conclusion. . . More regulation required!
Heres the thesis
Interesting analysis. Conclusion. . . More regulation required!
Well my opinion is that stablecoins will be the form of money in the not too distant future. And are the eponymous cbdc. See my article: https://blakelovewell.com/stablecoins-the-future-of-money/
Also witness the attempted rehabilitation of tether under trump 2.0: https://www.calcalistech.com/ctechnews/article/uqakmywx7