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You are saying dollars are so stable, how come the Zimbabwe dollar crashed!

That’s just wordplay, algorithmic stablecoins have been problematic and crashing since the beginning and a big one just crashed. Call me when USDC or DAI crashes - specifically not Tether because it’s arguably also undercollateralized.

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Dai is an algorithmic stablecoin, same as Terra/UST, their supply is determined by an algorithm.

USDT is a centralized stablecoin, same as USDC.

So in your argument that comes quite close to "No true Scottsman" fallacy, what is the exact criteria that you are using to separate out the "stable" stablecoins from the "unstable" stablecoins?

Collateralized vs not

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