Have you heard about USDX? I participated in their airdrop when they managed the tokensale. It should be backed 1to1USD, but people are selling it incredible cheap. Do not understand that.
That's why transparency of the reserves is important. I haven't really heard about this token, but most probably it is because investor are not sure that each USDX is backed by 1 USD and therefore selling it cheaper.
Good stablecoins like TUSD, USDC, STASIS EURS focus on transparency and trying to get audits from high ranked audit companies. Transparency is an important aspect of stability of the stablecoin
