https://prestonbyrne.com/2014/08/17/dont-walk-away-run/
Because this guy called it years back, and has the same bearish opinion on all stablecoins, because they all rely on similar fundamentally untenable concepts to operate. Even Vitalik himself admitted back in 2013 that a stablecoin similar to USDT could be made, but as with all pegs it would fail, because to maintain a peg you need to be more powerful than the entity you are pegging to, and a market that could potentially try to take you down. Good luck with that.
hmm, i go it.