In preparation for the Maiar Exchange launch, we are excited to announce that we are working with OIN Finance to issue the first EGLD backed stable coin on the Elrond mainnet!

“The eGold currency has been conceived to be a store of value with powerful utility in the Elrond ecosystem. Its use as collateral for stable coins allows holders to access liquidity and engage in additional DeFi opportunities which will further drive ecosystem growth.” said Beniamin Mincu, Elrond Network CEO.
read more https://elrond.com/blog/egold-backed-stable-coin-oin-finance