Anyone trying to develop new kinds of stable coins? Was thinking of setting a group up to discuss ideas, learn collectively and pool resources. Any interest?
stable coin is good if backed by a whole country or fiat currency because the demand is the key for the price to be stable
if the demand cant support the supply there is a high chance that holder will just lose some money because price will always drop
so if the stable coin cant support the demand is not good idea to hold some of it