The Crypto Stablecoin Minefield - (Chris Coney & Joshua Scigala) WCSS:032

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What is the general difference between a centralised and a decentralized stablecoin?
Name some cen. and decen. ones.
USDC from Circle / Coinbase
USDT from Bitfinex
MakerDAO and DAI stablecoin
UST Terra Stablecoin
Why do we have so many?
What are stablecoins generally good for? Why don’t we just use the fiat currency we have in our banks?
The current model. Why 1:1 stablecoins are doomed to fail and why they are so dangerous
CBDS's banning private 1:1 stablecoins like USDc, USDT and so on. (breaking the attached crypto economy)
Negative interest rates driving 1:1 stablecoins into fractional reserve. (breaking the 1:1 business model, eg no euro stablecoins)
Infinite number printing buying rare precious numbers to control the markets (market manipulation)
Governments freezing bank accounts of 1:1 backed coins to destroy the wider crypto economy. (breaking the attached crypto economy)
Mismanagement of funds by 1:1 companies and threat of a Lehman brothers 2.0 (Fractional reserves and going full circle "pardon the pun")
Lack of Transparency in these centralised tokens (how decentralised stablecoins fix this)
How regulators can not keep up with real solutions
How decentralised stablecoins like Maker DAO and what we are building are a solution because they transparently and provably backing each stablecoin at above reserve locked by cryptography by millions of people rather than 1 central bank or central company.
The Standard DAO
We are building the ultimate next gen suite of decentralised stablecoins called The Standard DAO to combat these dangers. Basically a next gen version of Maker DAI. Key upgrades are
Native second layer to ZK validity proofs on ETH (Starknet)
Hard and soft asset collateral (gold through trusted nodes and crypto)
Auto locked collateral trades to less volatile assets when close to liquidation
Prediction market governance to solve DAO governance apathy.
Multi coin output starting with Standard EURO (sEURO), then sGBP, sYEN, sAUD, sUSD, and so on until we a decentralised mirror to all fiat currencies.