Just came across this new project called Stable or Gone.
It’s basically a public registry that tracks stablecoins and their history not a token or anything like that. I think it’s pretty cool since it’s not about telling people which coins are safe. It aims to look at what happened to different stablecoins, who backed them, and any major events like depegs.
Here’s the link to check it out: sog.badjoke-lab.com.
Still getting my head around all the details... but seems useful.
Yeah, I dig the idea!
However, I want to point out that this registry shouldn't just focus on fiat-backed stablecoins like USDT or USDC. They’re big players, sure, but the space is way more complex.
The registry should get into protocol-based coins, algorithmic ones, and even those that failed. It’s important to keep track of all these different designs and their issues.
I mean, if we're gonna have a full history, it should cover the entire spectrum of stablecoins, right?
What do you think about including those less popular ones? Are they even relevant? Like, do we really care about the failed projects?