So I'm doing my research about stablecoins and so far there's 3 categories of them:
1. Fiat-backed
2. Crypto-collateralized
3. Algorithm-backed
I've been a big fan of 2 and 3, especially Fragments. What are your favorite?? Wish I had more room to include others, but from what I've seen these are the top (aside from Tether).
More and more stablecoins are created and guaranteed by big foundations but general in the future, these coins will be controled by them and be very centralized. I think when this market is more stable, Bitcoin will be the best stable coin
bitcoin will never be a stablecoin lol. we have to look into less centralized options like ampleforth since they have a smart contract that inflates or deflates the supply based on market demand