Do Kwon 🌕 on Twitter: "1/ Five years ago, when I had the idea to create decentralized money for decentralized blockchains, all of crypto was running on centralized stablecoins. Since then, the algorithmic stablecoin category created by $UST has become industry standard" / Twitter

1/ Five years ago, when I had the idea to create decentralized money for decentralized blockchains, all of crypto was running on centralized stablecoins. Since then, the algorithmic stablecoin category created by $UST has become industry standard

9:41 AM · Apr 8, 2022Twitter Web App

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2/ $USN by

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Res

@resdegen

· Apr 7

$USN might be true after all | An algorithmic stablecoin on the $NEAR blockchain Here is the source: @finance_ref testnet testnet.ref-finance.com --> Click on stableswap twitter.com/Captain_Kole1/

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3/ THOR.USD by

decrypt.co/94849/thorchai

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joining the Bitcoin Standard (and many other standards):

theblock.co

Frax Finance may buy large amounts of major cryptos to back its stablecoin

The plan could see Frax buying up coins in proportion to the supply of its stablecoin on their respective blockchains.

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5/ $SILK by

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6/ $USDN by

The initial DEX offering (IDO) of the WX token will be based on USDN, the Wave’s ecosystem main stablecoin. Users will be able to buy WX…

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Do Kwon

@stablekwon

Apr 8

7/ Each of the above protocols are different, but they are motivated by the same exciting idea, that blockchains need uncensorable money governed by sovereign immutable code.

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Do Kwon

@stablekwon

Apr 8

8/ I welcome this kambrian explosion of decentralized stablecoins. #LUNAtics - instead of worrying about competition, we should strive to raise as many communities around decentralized stablecoins as possible. The moon shines brighter when everyone wins. 🌕

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You are simply the BEST!

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