why use algorithms instead of dollars or gold for stablecoins

How Stable Are Stablecoins?

A crypto variant that is meant to remedy the volatility problem is the stablecoin. With values tied to fiat currencies like the US dollar, gold, other cryptocurrencies, or controlled by internal algorithms, these cryptocurrencies are designed to maintain a steady value making them suitable as mediums of exchange. But how stable are stablecoins really?

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