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somehow there seem to be many roll outs of stable coins of late.. the infamous Tether, DAI by Maker, USDC by Circle, GUSD by Gemini, TUSD and countless more htt
by granaldo 7y ago
somehow there seem to be many roll outs of stable coins of late.. the infamous Tether, DAI by Maker, USDC by Circle, GUSD by Gemini, TUSD and countless more https://www.coingecko.com/en?category_id=36&view=market https://www.coingecko.com/en?category_id=36&view=market
- wtfrmyinitials 7y agoWorth noting that Maker is different than those other because there's no central authority holding fiat money to maintain the peg. Their stablecoin Dai is minted "out of thin air" and the price peg is maintained via an interest rate mechanism built into the smart contract.