Quote from: 1Referee on December 29, 2019, 08:23:20 PM

Quote from: dkbit98 on December 29, 2019, 11:18:14 AM

It is like BitUSD
and we can all see how 'stable' it is
https://www.coingecko.com/en/coins/bitusd

Correct observation.

BitUSD is quite a joke. Its 'value' is backed by BitShares tokens, which means that if the price of BitShares tokens tanks or pumps, the value of the "stablecoin" adjusts to that. It's more like a trashy pump and dump coin rather than an actual stablecoin. Can't back a stablecoin by trashy coins or tokens that inherently are super volatile and have no fundamental value. You're asking for problems that way.

DAI does a better job in being a decentralized stablecoin. Not perfect, but good enough; https://coinmarketcap.com/currencies/single-collateral-dai/

https://wallet.localcoin.is/asset/DAI

DAI is also supported by the LocalCoin DEX, you may deposit and withdraw DAI without any limits

as well as USDT, TUSD, USDC, USDS and any other erc20
BTC/USDT and ETH/USDT
BTC/USDC, ETH/USDC and XMR/USDC
BTC/TUSD
BTC/USDS
and many others