The main harm of existing “Stablecoins” is not controlled emission, but, accordingly, inflation.
Today, anyone can create a demon of control-print their “Stablecoins” thereby increasing the total issue of the financial bubble, what do you think?
yes I agree with you, they are easily printed without any backed. and the result is a crash when things get out of hand. this is what is happening now to UST, the price is falling because there is no backed to recover the price. the UST team only uses Luna as a workaround, which this solution makes it even worse. the price of luna fell as a result because it continued to be printed to cover the shortage of UST.