Synthetic stablecoins and algorithmic models

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The concept The third family maintains its peg without any direct 1:1 asset backing at all. Two distinct sub-approaches fall under this umbrella, and it's important not to conflate them, because one is a cautionary tale and the other is a live, widely-used design. Seigniorage-style algorithmic stablecoins (Terra's UST is the canonical, and now cautionary, example) maintain their peg through……

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