Centralised Services such as USDC and USDT offer strong protection to users as tokens are backed 1:1 by USD. However risks include centralisation risk and intervention from governments or central governing bodies
Elastic Supply Coins usually involve some form of rebasing mechanism (ESD, Ampleforth) however aren't collateral backed. There is the potential scenario for loss in confidence which means that peg is unable to be maintained.
Over-collateralised Coins such as MakerDAO and SNX create confidence in the coin however isn't a perfect scenario given it's inability to maintain a stable peg. Additionally over-collateralised coins are highly capital inefficient
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