What we’ve learned in a decade of stablecoins
A decade of stablecoin experiments shows why dependable collateral matters. Early crypto-backed projects such as BitUSD and NuBits lost their pegs, while fiat-backed Tether achieved scale and Dai improved decentralised collateralisation. TerraUSD's collapse exposed algorithmic fragility. Across these models, transparent reserves, diversification, sufficient capital and simple stabilisation mechanisms emerge as foundations for durable digital money.










