If the dollar goes down in purchasing power do stable coins just go with it? Is it just stable in regard to the physical version?
Discussion
Yes.
Digital dollar = physical dollar
All trending to zero hand in hand
Agreed, just wrapping my head around how pointless they are exactly.
Stable coins are maintained with a peg. When enough people sell the stable coin the peg breaks. The issuer of the stable coin needs to maintain the peg with deposits.