The notion of calling a fiat-pegged coin a stable coin is nothing but fallacy.
Discussion
token was never a coin - contract on other chains
You are correct. Everything about this thing was a falsehood, much like a fiat.
It's always been marketing BS. If I have to trust someone I don't want anything to do with it.
Exactly 💯
Yes. Trading the promise to not pay you anything to a contract that "ambitiously" tries keep the same value as the original promise to pay you nothing.
