2/ Security via legacy regulatory system is still pretty darn good. For example, it's much better than nothing (@Tether_to), or unproven feedback systems (@MakerDAO, BaseCoin), which fascinate me but I wouldn't trust yet.
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1/ The #TrueUSD #stablecoin from @TrustToken is now in alpha testing. It interfaces with existing legal protections via custodial escrow accounts, which is quite clever. Obviously we'd rather get security from protocols than govts, but...https://blog.trusttoken.com/trueusd-a-usd-backed-stablecoin-you-can-trust-9688796cfd0d …
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3/ I'd call it on par with on-chain collateralized systems like
@bitshares, which are trustless but inefficient (you have to lock up 1.5x collateral to use x stablecoins). (Reminder: best current overview of#stablecoins is from@multicoincap https://multicoin.capital/2018/01/17/an-overview-of-stablecoins/ …)Show this thread
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