1. People reached out after Maker thread asking why I think Seignorage Shares (SS) stablecoins (e.g. Basis) are likely to fail. There's been skepticism already (see & ). In this thread I'll make the case that Soros Attacks could kill SS stablecoins
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At Terra we are making a strong directional bet that we can build a family of stablecoins to exceed the adoption of weak sovereign currencies. We predict that in such a scenario Terra's peg will be more robust than the managed fx regime of those currencies.
