We spoke to Nevin Freeman, CEO of another stablecoin called Reserve (an unfortunate name?), who told us:
We’ve always been concerned that this is a design that could get very big and then potentially fail catastrophically. Something that I lose sleep over is the concern that one of these (stablecoins) gets really big and then the peg breaks. The problem with that is that the most likely people to be holding these tokens outside of the crypto space are people in the developing world.
Read the full story on FT.com