Stability without Pegs | Reflexer
medium.com/reflexer-labs/stability-without-pegs-8c6a1cbc7fbd
What Jamie wrote
RAI is a completely independent way to create a crypto stablecoin. Many stablecoins peg themselves to other assets, often 1 US dollar. This has a number of collateral as well as legal issues that could be a problem. RAI is independent of all other mechanisms.
It doesn't give the "warm fuzzy" that pegging to an established currency gives, but it does make it survivable of various regulatory issues.
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