Coinbase L2 Network Eyes Inflation-Pegged Stablecoins

Coinbase developers are working towards building a new form of decentralized stablecoins that tracks the rate of inflation called Flatcoins on its newly launched layer-2 network Base. These asset classes, in contrast to typical stablecoins, are anchored to the cost of living rather than being linked to real-world assets like fiat currencies, which enables them […]

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Flatcoiners should take a cue from TerraUSD’s fate

The post-COVID-19 era has brought the issue of inflation to the forefront, leading to increasing interest within the Web3 space for creating flatcoins, a close “cousin” of stablecoins designed to mitigate inflation risk. Many existing flatcoins, like Terra’s TerraUSD (UST) stablecoin, are algorithmically backed and therefore serve as a stark reminder of the risks associated [...]

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