We have Bitcoin and it is a very good coin.
Many people are in favor of Bitcoin because it is a store of value and we can hedge inflation against it.
But many people are afraid of Bitcoin’s volatility because Bitcoin has been very volatile. For example Bitcoin was at 31,000 USD last year in summer, at 42,000 USD last year around christmas and is at 69,000 USD now. It is still very volatile.
To solve volatility, many people have bought so called stable coins.
A stable coin  is a stable coin because it is stable  - not volatile. But when reviewing such a stable coin, we can spot many dangers:


Stablecoins are no solution

Stablecoins are no solution. It might be stable for some time and can work but at what cost? At a high cost!


Unbacked stablecoins should be illegal

Unbacked stablecoins should be illegal. Because why should it be allowed to provide such a crap and have no insurance?
Every distributir of stablecoins should prove a backing of such stablecoins.
I fit is a 1-Dollar stablecoin, it needs tob e backed by 1 dollar.
If it‘ not backed, it should not be allowed tob e traded because it is huge risk for boyers in case it is getting hacked or collapsing.


For our coins to be safe, we need to avoid unbacked stable coins because of risk.