Difference between revisions of "Stablecoin"

Since the peg is mainteined through arbitrage and not through backing these stablecoins are more volatile and more subject to depeg events than other types described above.

Several DeFi protocols have issued their algorithmic stablecoin and many have failed (see the Iron Finance crash<ref>https://rekt.news/iron-finance-rekt/</ref> for example) and many are still used today (like UST or USDN).