In this bear market, stablecoins have been on fire. With the recent news of basis going down, what does everyone think of stablecoins? Curious as to what you guys think about Ampleforth (aka Fragments aka Basis's competitor) and their model too.
I'm pretty bullish on stablecoins in general

How can stable coins possible go rise and fall? It's quite opposite to happen that the word "stable" is going to fluctuate or change. Well, I guess the market cap is the factor not the market price? I don't know if I am correct.