RE: Stable Coin Supremacy
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What's the difference between centralized stable coin and the decentralized one?
If I may understand, a decentralized token is void of control, how can such a token possibly be stable?
Your write is enlightening nonetheless.
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Decentralized stable coin means no one or no entity can control the coin. In very unique situations usdt and usdc can be locked up from a holder because they are controlled by entities. Ust being decentralized no one entity can control to tokens. How a coin becomes a stable coin is apart of the programming. Both usdt and usdc are supposedly back by assets but it has been a concern that the assets don’t pegged to the dollar. Ust on the other hand isn’t pegged to assets but is an algorithm balancing the demand and supply of ust and Luna.