There is an alternative. At Monetran, we've designed a token for use on the Stellar network which uses a novel approach to achieve stability. Instead of backing the currency with gold or other commodities which can't provide stability of price, we have backed our crypto with interest bearing financial assets, i.e. short term T-bills. Although USD backed coins can provide stability in the short run, it comes at a cost of built in monetary inflation. If held for any significant amount of time, the purchasing power of the coin will decrease. Our method not only gives our token price stability, it enables the token to serve as a real store of value because it will gradually increase over time. Once fully operational, we will also give token holders the ability to redeem directly through the company.
https://www.monetran.com/ "Monetran will be involved in various types of internet commerce using their token, Moneda. Plans call for an immediate entry into the international remittance market, which is worth $600 billion on estimate. Longer term goals include partnerships with major retailers such as Amazon and Walmart."
To me, this makes sense. A stablecoin backed by the dollar fiat is subject to less stability since inflation can be eating its value but with the use of T-bills a different picture can be emerging. The MONEDA coin then is very interesting. I am wondering: What are the specific strategies that this coin will be working with to make it popular and be adopted by the many especially that we now have a flood of stablecoins in the market? And how exactly will MONEDA convince Amazon and Walmart into its side?