Oh, well. Yet another stable coin? Do you guys think we need that much stable coins? NO, of course, we don't need them all. We need only one really stable coin, that's it. TrueUSD already has shown us the TRUE "stability" in form of spiking the price to 1.40 USD, lol.
Now my question is, why people and exchanges should use your stable coin and how is better than the existent solution? So far the only more or less stable coin still remains Tether. Do you have any sort of comparison?
Well, I think you did not read their website properly? They also mention in their website that "The value can only be reduced with regard to the performance of the US$" -

I think now the germans and european ICO producers queue up to raise some funds, before the market completely regulated. LoL
No need to take it seriously, there are tons of these kind of "wanna also have an ICO and Lambo" projects.