That makes sense. I do think we have cost of capital though, I don't know how we could calculate it but it may be possible to calculate it.
I am not saying we should do this, but is there any reason we just have a stabilizer and we don't try to back it with other stable coins? (In my gut I want to say try to back it with bitcoin but it feels risky 🤣)
Somebody would need to hold the coins, increases counterparty risk.
That's a really good reason not to do it!