This seems like the natural next step for cryptocurrencies. I've been waiting for something like this for a while now. There is certainly a need for Alloy Coin especially considering the recent market swings. You're absolutely right that cryptocurrencies are too volatile to use as tender. However, Tether is unattractive to someone like myself who sees cryptocurrencies as investments. You may have just found yourselves a niche!

The ability to earn dividends is precisely what stable cryptocurrencies need.

I had a question about the long term viability of the price floor. How do you prevent reserve assets from depleting? Like a run on the bank?

Cheers

-Cal