Which goes to show there's no such thing as a decentralised stablecoin, since they're all backed with other stablecoins that aren't decentralised.

LUSD and RAI are fully decentralised (no centralised backing), though they are not quite as stable are their centralised counterparts (yet)

Both rely on an "oracle" so probably not decentralised at all.

While also being ~160% collateralized. I’d link more specific figures but the makerdao site, like most crypto projects, doesn’t make those figures easy to find.

Edit: There you go: https://daistats.com/#/

Disclaimer: somewhat motivated reasoning since I’ve left a standing order for DAI at 0.995 on an exchange, which was just filled this evening, in the expectation that DAI always returns to parity.