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Stablecoin mechanisms and use cases

bam.kalzumeus.com · 3,164 words · saved by 1 readers

There are a few different mechanisms underpinning commonly used stablecoins. Some of them may not perish in a fire.

Stablecoin mechanisms and use cases Patrick McKenzie (patio11) • May 20th, 2022 I normally don’t write about cryptocurrency in Bits about Money. It gets far too many column inches relative to its actual importance in the world, which is minimal compared to other financial infrastructure. I prefer writing about that extremely undercovered topic. But, much like Matt Levine feels professionally obligated to keep up with Elon Musk drama, I can’t avoid writing about stablecoins after the May 2022 collapse of Terra (UST). As always, Bits about Money is my own opinion. My employer Stripe, which

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