<r​brunner7:monero.social> "How it works ... Gold Peg: The bond’s value is pegged to the XMR/Gold exchange rate." Just like that? My, why nobody has thought of that earlier :)

<m​onero.arbo:matrix.org> Stable like the USD, down 10% so far this year lmao

<m​onero.arbo:matrix.org> y'all gotta realize the value of everything fluctuates and fiat isn't as stable as you think it is. anything "stable" is just trading volatility risk for the risk of total collapse

<m​onero.arbo:matrix.org> shit gold/usd is up 42% over the last year. Is THAT stable?

<3​21bob321:monero.social> Stable line up

<T​heFuzzStone:matrix.org> That's why I don't like how for example DAI is called a "stable coin". It would be more correct to call such coins a "pegged to fiat coin", because fiat by its nature cannot be stable.

<s​yntheticbird:monero.social> Back in the day of Lords, knights and witchcraft, people were always discussing about the value of their lord's currency compared to the one of the neighbor lord. Only reason USD was such a hit was the genius move of enforcing petrol to be sold in USD.

you guys and girls having existential crises regarding stablecoins.

<3​21bob321:monero.social> Unstable*

<3​21bob321:monero.social> Back in the day 2023, usdc depegged

<h​bs:matrix.org> wasn't that due to the turmoil at SVB?