Which goes to show there's no such thing as a decentralised stablecoin, since th... | Hacker News

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lottin on March 11, 2023 | parent | context | favorite | on: $3.3B of the ~$40 billion of USDC reserves remain ...

Which goes to show there's no such thing as a decentralised stablecoin, since they're all backed with other stablecoins that aren't decentralised.

dylkil on March 11, 2023 [–]

LUSD and RAI are fully decentralised (no centralised backing), though they are not quite as stable are their centralised counterparts (yet)

lottin on March 11, 2023 | [–]

Both rely on an "oracle" so probably not decentralised at all.

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