Can Decentralized Stablecoins Stabilize?

[Malam90]

Decentralized finance (DeFi) idealists want to create perfectly free financial ecosystems that can’t be subverted by governments, corporations or regulators. They also want their decentralized nirvana to be equipped with stablecoins so users can be protected from price craziness.

Are decentralized anarchic systems, those that have no link to existing centralized institutions, capable of creating stability? Or are they too unanchored to generate the traction necessary for a stablecoin to be, well, stable? Article