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Non-Collateralized, algorithmic stablecoins are always doomed to fail. Regardless of

lock times, regardless of market capitalization.

I've seen it before, and I've seen it again. You can't create value out of nothing. All stablecoins should be backed by an equal amount of the currency they are pegged to.

Can we get a private, decentralized, collateralized stablecoin? Does it already exist?

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Maybe Shade Protocol or Haven?

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