Keyword reference — entries that mention this term in body prose.
4 entries reference this keyword in body prose.
TerraUSD held its peg with an algorithm, not a reserve. In May 2022 the mechanism reversed: Luna's supply exploded from 343 million to 6.53 trillion, and $40 billion vanished in six days.
A fiat-collateralized design CENTRE named as a trade-off in its own whitepaper, a reserve that broke the dollar peg for two days in 2023, and a governing consortium later folded into one company.
Launched on Bitcoin's blockchain as Realcoin in 2014, USDT mints and freezes at one company's discretion, and its reserve reporting has stayed at quarterly attestations, not audits.
Twelve chains, sorted by what each one's issuance rule settles about the price of a single unit — and by how much of that price the rule never touches.