Interchain debates:Knights of the IBC, Stablecoins.
Stablecoins - a cryptocurrency with a fixed and stable rate, pegged to the price of fiat currency and with different collateral and reserves (whether cryptocurrency or fiat money). It is a popular and liquid medium as it is a convenient way to trade, store and protect your portfolio from volatility. After the collapse of UST, there was a debate about what a stablecoin really should be. We spoke with Youssef Amrani representing $IST, Chad Barraford representing Thorchain, Siddarth Patil representing $CMST, Carter Woetzel representing $SILK, Dove representing $USK, about what stablecoins are for, the different designs of stablecoins, what their purpose is, and the dangers of centralization.