Can anyone direct me or tell me the steps one would go to create a asset backed stable coin? We know about crypto very well but when it comes to the creation of a stable coin, we are a bit lost.
Do you create the tokens then send it to a smart contract? How does that part work?
Any help would be greatly apprenticed
You issue fresh tokens when someone deposit fiat. When they withdraw fiat you burn tokens. Is simple. You just need to create token that you can keep issue. Mostly people crate tokens with limited supply.