Will Fiat-Backed Stablecoins be Affected by the Decreasing Value of US Dollar?
Joel Telpner was quoted in the article, "Will Fiat-Backed Stablecoins be Affected by the Decreasing Value of US Dollar?," which was published by AMBCrypto on May 22, 2020.
In the article, Joel underscored the uncertain future of stablecoin and also shared his thoughts on the concept of stablecoins: “The definition of stablecoin is not that clear. It depends on how you define it. The concept of ‘stability’ is a relative concept. Stable to what? Stable how? How much stability? If you are pegging it to a dollar, well if the dollar itself isn’t stable, then will coin be stable? It is not that black and white a concept actually.”