There seems to be a new trend in the space now, Stable coins, most people wants to launch their own stable coin, there is a reason why Tether is still the number one in the space though there are many down sides to this but they have stand their ground with all the law suits and FUD, I personally don't want to touch any stable coin that is not backed by real  asset, even DAI is struggling as we can see with all their sophisticated Algorithm. I will be watch this project to observe the level of adoption