For more background on stablecoins, we have written a series of articles that explain the different designs of stablecoins:
- Part 1: Centralized stablecoins - https://blog.angle.money/angle-protocol-stablecoin-series-part-1-centralized-stablecoins-a53638cf6064
- Part 2: Decentralized and over-collateralized stablecoins - https://blog.angle.money/angle-protocol-stablecoin-series-part-2-decentralized-and-over-collateralized-stablecoins-70af006f49c0
- Part 3: Algorithmic and meta-stablecoins - https://blog.angle.money/angle-protocol-stablecoin-series-part-3-algorithmic-and-meta-stablecoins-d17d766266df
- Part 4: Derivatives-backed protocols - https://blog.angle.money/angle-protocol-stablecoin-series-part-4-derivatives-backed-protocols-99060f79c715
If you have any questions about it, feel free to react in this thread!