We need a stablecoin with a fixed price on-chain. This has several advantages over other types of stablecoins. The fixed price guarantees the stable coin's value remains stable over time despite market fluctuations. It also increases capital efficiency as there's no need to keep reserves blocked in a bank, or other financial entity.
This update sets a fixed price on-chain.
We need a stablecoin with a fixed price on-chain. This has several advantages over other types of stablecoins. The fixed price guarantees the stable coin's value remains stable over time despite market fluctuations. It also increases capital efficiency as there's no need to keep reserves blocked in a bank, or other financial entity.