Multi-coin stablecoins like UST are usually structured to make money for a third party. For some, additional usage of the primary coin drives the appreciation of the secondary coin. If they are built to incentivize adoption, you can guarantee nobody will pay too close attention to whether or not the match checks out.
We desperately need to support collateralized stablecoins like USDC through clarifying regulation that standardizes reserve requirements and transparency. This would likely drive use away from algo coins and bring stability to so called stablecoins.
We desperately need to support collateralized stablecoins like USDC through clarifying regulation that standardizes reserve requirements and transparency. This would likely drive use away from algo coins and bring stability to so called stablecoins.