In the post below, I wrote about the fate of stablecoins, and what I believed would cause their end. I havent changed my mind, because I still believe that stable coins are on life support.

https://www.publish0x.com/mycripticlife/how-the-fall-of-terra-and-ust-is-a-sign-of-things-to-come-xeeylqp

The issue is that we have many of these coins out there, and even one here, AMPL. This too will be depegged in the long run. It too will fall from grace just as UST, and now USDN, Nutrino is suffering. But that may not be the end of the ride.

Recently after the FTX suff, we see that Tether is once again in the news in a negative way. I too believe that Tether is a BAD investment, and one should run away from as fast as possible.

Just read this article from Bitcoin.com about what this CEO believes happened with FTX, and SBF.
https://news.bitcoin.com/morgan-creek-ceo-says-ftx-co-founder-sbf-was-a-pawn-used-to-punish-the-crypto-industry/ And we already know that governments HATE stable coins, and really ALL crypto.

Inflation is what kills the PURCHASING power of currency. As in the post above, I gave the example that your backed stablecoin is worth $1. Lets say a loaf of bread is $1, you can use that stablecoin to purchase that loaf of bread. But when the POWER goes down due to inflation, your $1 will get you less bread.

Simple math. 

But that isnt the end of this either...we have the CBDCs coming on the scene, and that too will force the depegging. All cryptos tied to fiat will be OVER. Many think that the peg will hold because the fiat may be ending, but, it will still be worth what the fiat does today.

Just check out cbdctracker.org for the latest in all things CBDC. 

Their argument is that $1 = 1 CBDC, and things will just be switched over so as to keep the peg. But, is this the way CBDCs work? Well, yes, and no...

See, CBDCs are digital, and you wont be able to HOLD any in your hand for purchases, and you wont be able to donate any like you would fiat. And, if you make shady side deals with people, this too will end. So, in reality, it will be different in many ways.

It will be tracked, and every thing you do with it, the issuing gov. will know. So, even if the stablecoin keeps the peg, that stablecoin too will be trackable. Because the issuing gov. will know everything associated with their currency. They will make laws that will keep the stablecoins in check. If they want to back their coins with CBDCs, then they will require KYC.

This means your identity will be known, and that is the end of anonymity. 

This road is still new to all of us, and I know I dont have all the answers, but I do know that the great depegging is coming, and when the banks roll out their CBDCs, we had better have a platform that will be for the people, and hard to trace. A currency that is anon enough to where the governments around the world can't hack it, and disrupt commerce. 

 Thanks for reading, and make sure you let me know your thoughts in the comments below...