USDC today buys you ~20% less than it did in 2020

~98%+ of stablecoins are backed by US dollars

Trust in the dollar isn't collapsing but it's slowly diminishing. Onchain stability is clearly in demand.

Feels like doomerism and inflation tail risk is low probability, but the consequences are high impact.

BTC, ETH and others serve as long term hedges, not short term purchasing power assets.

Flatcoins are still very early and have their own problems. But I'd expect to hear a lot more about them over the next 12-24 months.

Yes like CPI

Can cause other issues tho, and algorithmic so not perfect.

What is a flatcoin? A stable coin that’s not pegged to fiat?

Didn’t know about flat coins, thanks for sharing

Still early not many.

Ampleforth, flatmoney, Nuon, Silk, reflexer.

Honestly have to go deeper myself, just feels like stablecoin hype is kinda euphoric and was trying to think of second order effects (good and bad)

any notable flatcoin projects we should check out?

the term "stablecoins" is misleading

in theory, stablecoins can be pegged to any asset

in reality, the top 15 are all pegged to US dollars (EURC #16)

the term "stablecoins" is a trojan horse for dollar dominance

Yea agree w all this. Related:  https://farcaster.xyz/jake/0x0a7217ce

The real question: do we want stability in price, or in value? Because those aren’t converging anymore.

Reserve’s goal is to fight inflation by providing a permissionless platform to create, own, and govern DTFs (Decentralized Token Folios). https://reserve.org

agreed, i find index tokens interesting. wrapping the tokens based on the needs. RTokens by @reserve

Bro dropping facts. People, let that sink. Read it twice