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Everything You Need to Know About Frax in 2023 - Sam Kazemian, Frax Finance, Ep. 226

The Blockcrunch Podcast

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Dollar Peg Stablecoins

I would love to debate anyone, I would love to in good respect, have a serious debate. But any way that I look at it, it's impossible to peg a dollar stablecoin at scale. We don't want to be something where the closest thing we can get to off chain is essentially by having to entirely rely on fiat coins. If your goal is to get to hundreds of billions, if not trillions of market cap in all seriousness in the next five to 10 years without having at least one single real world asset. That's the deposits of the Fed, debt of the US government, or just wrapping another fiat coin that has those things.

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