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Thank you for sharing your thoughts. Initially, I thought the more stablecoins there were, the better the system would work. As you mentioned, that idea was wrong. When pegs break or stability is lost, the cryptocurrencies that cause the most damage to the system are usually stablecoins. By the way, I wish you success with your Cent investment.
Stable coins proved problematic for central banks and national currencies.
Many economists believe that it is best to let the currencies float.
I really liked the initial structure of HBD. The stable coin really needs to be about 3% of the currency otherwise the tail will start wagging the dog.
!WINE