Stablecoins: How They Actually Work — A Developer's Technical Guide
A technical deep-dive into stablecoin mechanics — fiat-backed reserves (USDT/USDC), crypto-collateralized vaults (DAI/MakerDAO), algorithmic mint-burn models (UST/FRAX), the UST collapse post-mortem, building a minimal collateralized stablecoin in Solidity, Chainlink oracle integration, liquidation engine design, CDP health factors, risk analysis across all three types, stablecoin integrations in DeFi lending and AMM protocols, and what the future holds for on-chain dollars.
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Uvin Vindula·May 5, 2025