According to @Excellion, it's possible stablecoins closely tied to the traditional banking system, such as Tether and USD coin (USDC), could see a new competitor emerge in the form of a bitcoin-backed stablecoin issued on Liquid.https://cryptonews.com/exclusives/el-salvador-will-be-a-serious-test-for-bitcoin-s-layer-2-net-10837.htm …
I would love to see an algorithmic stablecoin running fully on Liquid
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I think we're getting there. We'll just need your liquidity :P
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Happy to help. Would be DAI style with liquidation event?
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Is there reason to think it won't revert back to a centralized model in order to scale like what happened with DAI?
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My first impression is DAI needs USD liquidity which is not a problem here?
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There are already some talks on that. Early stage still, but it's happening! I'll loop you in later.
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Great to see Liquid's massive potential unfolding with increasing momentum!
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Digg ain't it
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