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Tonyp
@tonyp
USDB on blast is very interesting https://www.coingecko.com/en/coins/usdb It is backed 1:1 with sDAI, but the price has ranged from 0.98 to 1.02 over the last week. Can the only stablecoin on a chain keep a tight peg without an arbitrage to fiat?
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Tonyp
@tonyp
The price variation could also represent inefficiencies in arbing the volatile assets that are paired with it. I'm sure it is a matter of time before a CDP launches on Blast, it will be interesting to see what happens as more stables are added to the chain.
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