I really don't see how you can call this "STABLE".
Talking about "backed by diamonds" ... how many grams do you have to back your coin?
Stable refers to the price of Diamond here, not necessarily as the same of stable coin of USD.Talking about "backed by diamonds" ... how many grams do you have to back your coin?
I think they will run ICO/IEO or any other fund raising campaign from which a certain fund will be used to get the diamond which will be reserved for the coin anytime to be liquidated. However, I don't think it's as easy as people may think. Most of the GOLD stablecoin claimerd barely had such amount of GOLD backed in reality. Such a project got raid a year ago if I'm correct.