Stablecoins (USDC, DAI, Algorithmic Risks)
Stablecoins: USDC, DAI & Algorithmic Risks How different designs hold a peg, what can go wrong under stress, and a practical playbook for safer usage. TL;DR: Fiat-backed stables (e.g., USDC) hold off-chain reserves and rely on issuer redemptions and banking rails. Over-collateralized crypto stables (e.g., DAI) mint against on-chain collateral with risk parameters (fees, liquidation […]
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