Re: The main harm of existing Stablecoins is not controlled emission
My issue with Stablecoins are the validity of the statement that $1 = 1 Stablecoin 
It is almost impossible to trace the dollars that are supposedly backing the value of the tokens.
I am curious to see some of these so called pegged stable currencies publish their audit report and for the most part USDT finally published a report recently which claims 83.74% of its reserves in cash, cash equivalents, short-term deposits and commercial paper, 4.61% in corporate bonds, 5.27% in secured loans to unaffiliated entities, and 6.38% in other investments including digital tokens but the fact remains that it is not clear how much dollar they pegged and my belief is that majority are commercial papers and cash equivalent. It is almost impossible to trace the dollars that are supposedly backing the value of the tokens. In the coming years i am expecting the validity of centralized stable currencies will be questioned and it might change the complexion of the overall cryptocurrency market.
To introduce a Fiat monetary system into a decentralized economy with the help of artificial stablecoins is absurd. The very principle of a decentralized economy is based on its stability. An open source cryptocurrency is transparent and predictable, it can stabilize itself and manage the Fiat economy, the collapse of imaginary stable coins is an example of this. I have been working in this direction for a long time and no one has yet been able to refute the project proposed by me.
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