A deep dive into stablecoins, the trilemma problem, the UXD Protocol and a few tidbits on deltas, perpetual swaps and funding rates along the way. Republished from an article of 2022. Stablecoins are cryptocurrencies with stable value regardless of the market conditions. Compared to the high volatility of crypto assets, these stablecoins are well suited to be a store of value, often forming the link with traditional financial systems. Stablecoins have the potential to become global, digital c...