Does anyone know an unfreezable stablecoin that is the least at risk of becomming another TerraLuna? I love Monero but its too volatile to keep 100% of my life savings in an unfreezable stablecoin is CRUCIAL. This is such horrible news. Fuck Rune Christiansen for this shit!!

you are viewing a single comment's thread
view the rest of the comments

[–] gunnm@monero.town 3 points 5 months ago (2 children)

Tether also has gold backed XAUt token. I believe with the big narrative of RWA we will see more stables.

[–] WishfulAlbatross@monero.town 1 points 5 months ago

What does RWA solve? It has no real connection to the blockchain besides a promise from a centralized entity that it is backed. Almost no difference to digital fiat unless it is unfreezable?

[–] mister_monster@monero.town 1 points 5 months ago

I was looking into xaut and from what I understand you have to KYC to get it and they freeze it.