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Update stablecoins_101.md

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MEV_and_trading/stablecoins/stablecoins_101.md
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* fiat-collateralized stablecoins are stablecoins that are backed by fiat currencies like the US dollar.
* Their reserves are held by a central entity. The most popular fiat-backed stablecoins at this time are USDC, USDT, and BUSD. 
* The main weakness of fiat-collateralized stablecoin is centralization as the collateral of a fiat-collateralized stablecoin is held by one independent party.
* their reserves are held by a central entity. The most popular fiat-backed stablecoins at this time are USDC, USDT, and BUSD. 
* their main weakness is centralization as the collateral of a fiat-collateralized stablecoin is held by one independent party.
* e.g., Circle's USDC, iFinex's USDT, and Binances BUSD
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* This motivated the development of more decentralized, cryptocurrency-backed stablecoin.
* The main player in this category today is MakerDAO’s Dai stablecoin.
* While crypto-backed stablecoins are good for their decentralization, they are capital inefficient. '
* while crypto-backed stablecoins are good for their decentralization, they are capital inefficient (overcollaterized)
* eg: MakerDAO's DAI, Synthetix's sUSD, and Liquity's LUSD
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* The average consumer or institutional investor would rather mint 1:1 through a centralized fiat stablecoin than have to over-collateralize by at least 150% to issue a decentralized stablecoin.
* For this reason, developers set out to create non-collateralized (or algorithmic) stablecoins.
* These coins maintain their peg without having to directly collateralize the issuance.
* The two largest forces in the market in this category are Terra and Fei.
* they maintain their peg without having to directly collateralize the issuance.
* they rely on supply-and-demand algorithms to maintain price stability 😬.
* e.g., FRAX, RAI and rip FEI and UST
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