The Problem With Collateralized Stable Coins

The idea is that they're backed as long as a theorium does not go down more than, say, 50% at which point they'd be redeemed ande to have liquidations. Those are obviously a lot riskier than feclateralized ones. And then you get into the really silly camp, which is outgritnic stable coins. They're basely v c supported. It's kind of like, you know, romling out a carrot and getting a lot of people in. We don't know when it's going to break next month or next quarter. But this is not a good system. There's danger here."

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