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Scraped on 21/07/2025, 12:47:11 UTC
The term “stablecoin” can be often misleading, they are refferred to as stable not because they preserve real-world purchasing power, it’s because they maintain a fixed peg to the U.S. dollar. So while 1 USDT is pegged to the USD which sometimes depreciate, you can’t escape inflation by holding USDT since it’s just a digital version of USD.
That's right, but how many normal people know what is real-world purchasing power or even think in these terms? Very few I would say. People even get tricked by money exchanges with currency conversion rates. I think for the majority the term stablecoin is clear in what it means, it is stable with the peg to what it is. Anyhow, it is not possible to create a stablecoin that is really stable as this would require very excessive price control and manipulation. They’re stable in crypto terms given it’s not volatile but far from stable in the broader economic sense. Maybe we should stop calling them "stable" and start calling them ‘fiat mirrors’ LOL.
Fiatmirrorcoin would be fun. 
Original archived Re: Are "Stablecoins" Really Stable?
Scraped on 21/07/2025, 12:42:35 UTC
The term “stablecoin” can be often misleading, they are refferred to as stable not because they preserve real-world purchasing power, it’s because they maintain a fixed peg to the U.S. dollar. So while 1 USDT is pegged to the USD which sometimes depreciate, you can’t escape inflation by holding USDT since it’s just a digital version of USD.
That's right, but how many normal people know what is real-world purchasing power or even think in these terms? Very few I would say. People even get tricked by money exchanges with currency conversion rates. I think for the majority the term stablecoin is clear in what it means, it is stable with the peg to what it is.They’re stable in crypto terms given it’s not volatile but far from stable in the broader economic sense. Maybe we should stop calling them "stable" and start calling them ‘fiat mirrors’ LOL.
Fiatmirrorcoin would be fun.