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is the only real decentralized stablecoin on Ethereum (plenty of literature on why stablecoins are better decentralized), but it has severe issues scaling: its stablecoins are a byproduct of ETH leverage, not the end in and of itself:
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This leads to MP issues where money supply can't expand when the market needs it - (more people wanting DAI doesn't result in higher demand for ETH leverage), leading to perverse market situations where DAI trades at a premium to the $
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is the only live and tested stablecoin platform where the market expands money supply with higher demand and contracts in response to lower demand. Stablecoins with responsive monetary policies will be crucial in dapps scaling.
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Our goal is to bring Terra stablecoins to developers on every blockchain - working with on the ETH bridge (merged to staging) and excited to be with , , and other revolutionary blockchains on their journey.
