this post was submitted on 01 Mar 2025
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Not meme coins, but stable coins exist - which are tethered to a particular global currency (eg. USD), but their primary/sole purpose is to act as a way to lock in price trades (as actual transfers may not go through instantly and would therefore differ in value otherwise).
"Stable coins" have crashed before too.
The whole crypto currency market is a house of cards. Just some are a bit lower in the structures than the others so don't fall over as often. But in the end, none of it is safe and none of it has a positive economic value.
Someone did some math (an actual paper iirc) on stablecoins, they actually had a mathematical stable value to which it would return, which was around the pegged value. Only one problem, this wasnt the only stable value, as they had 2. The other stable value was 0. Hmm black swans
and they’re as stable as how much you seem to get the point