Correct.
Algorithmic stablecoin can work, but their development has now been crippled by the bankster regulators as they know full well the dangers - to them - of a functioning stablecoin NOT beholden to their debt-laden money-game.
Why bother pegging to a devaluing fiat standard is another matter. To truly screw the Dollar, stop pegging to it.
I bailed out when they started hoarding BTC. Why mention probably the most spectacular failure!? Scammer or not, was a stupid idea bolted onto a poor idea. Move on.
I hope this reignites the algocoin developments!
Nothing is stable.
The most stable point is a pivot.