# kaal:claim:3411897-020

**Claim.** Tether, like every other stable cryptocurrency project, remains afflicted with significant design challenges, even though its market capitalization and stability around one dollar give some support for stable cryptocurrencies' capacity to create market stability.

**Type.** failure  **Support.** argued

**Holds when.**

- as of the state of stable cryptocurrency design described in 2019

**Source quote.**

> Like all other stable cryptocurrency projects, Tether is still afflicted with significant design challenges.

**From.** Wulf A. Kaal, *Decentralization - Past, Present, and Future* (2019), Part 2: The Present, The Brave New World of Decentralization, page 31

**Cite as.** Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897

**Verify.** sha256 of source PDF `82f0aea026b3e3a526ec51bc073b3b864dc06cd9083ff9c54c550037045edaa9` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Decentralization%20-%20Past%2C%20Present%2C%20and%20Future.pdf

**Failure mode.** stablecoin-design-deficit  (family: valuation-and-pricing-failure)

**Topics.** economics

**Keywords.** stable-cryptocurrencies, tether, design-challenges, market-stability

**Related claims.**

- supersedes: https://wulfkaal.github.io/claims/3396522-004

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.