EeFi RichardA Series of Articles on Elastic Finance, Article 5: Systematic Risk of De-pegging and Advantages of SPOT
As mentioned before, all decentralized stablecoins are born with a magic spell: You are not Bitcoin but counterfeits, so where does your credit come from? Credit is the cornerstone for a stablecoin to maintain stability. For decentralized stablecoins with specific pegs, the collapse of credit manifests itself as the risk of de-pegging, which is the internal and interactive result of the stablecoin project, so it is called systemic risk. Correspondingly, black swan events such as external inci...
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