R3CEV's view on "Stable Coins"

Has anyone seen this recent post from R3CEV about “Stable Coins”?

Pegs can’t exist without arbitrage; arbitrage can’t exist without convertibility.

Would be nice if they knew (or admitted they know) experiments/projects like Nu, BitUSD and Tether.

Those bankers… :pensive:

edit: They (loosely) made a reference for NuBits linking to this blog post though

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