Post
Topic
Board Altcoin Discussion
Re: Anyone working on any ideas for stable coins?
by
tsaroz
on 30/11/2019, 11:21:05 UTC
Stablecoins needs to be backed by equal amount of fiat as collateral and audited by independent auditor. i.e. you need a huge capital to start with. It's not like the crypto project you could start with a 2 members team. The primary focus of stablecoins is the adoption and trust. A starting stablecoin should have a partnership with at least a good exchange or a few.