Isn't this similar to Tether ?
This is a good question - we will add it to the FAQ section on our website (
https://stable.foundation/faq/)
Tether's value is tied to the value of US dollar one-to-one. Also, the funds that back Tether are a passive reserve - they do not serve productive purposes other than to act as a backing/collateral. The value of Tether therefore cannot go up.
The Stable token is different, as its value can go up (but this is in no way guaranteed), if the economic benefits of the project's activites exceed the costs of running the project. Also, the assets behind the project are in productive use - they will stabilize the digital tokens markets and close price differences across different coutries and different exchanges.
Or are you ok with the value of your tokens increasing, but you will use bot to avoid any bubble ?
In a sense, yes. We would like the price of the token to reflect the asset base value of the project. We do not want the disconnect between the two. If the price gets much ahead of the value there's always a risk that it comes crashing down - an event we would like to avoid. But if the price of the token increases in line with the underlying value, we're very much OK with that :-)