Re:Stablecoins: Understanding Counterparty Risk
by leppr on Thursday November 08, 2018 @06:30PM
(#18411006)
iirc, MakerDAO was originally going to peg itself to the IMF's SDR, which is a basket of multiple currencies regularly rebalanced to achieve "universal" stability[1].
They then decided to peg to the USD to please traders, who measure in USD. But I understand it's indeed a long term goal to peg to a more stable asset. The underlying mechanism should stay the same.
They then decided to peg to the USD to please traders, who measure in USD. But I understand it's indeed a long term goal to peg to a more stable asset. The underlying mechanism should stay the same.
[1]: https://www.imf.org/external/np/exr/faq/sdrallocfaqs.htm