IOST Sets to Launch a Decentralized Algorithmic Stablecoin
May 06,2022,15:46
Blockchain technology application platform IOST has announced that it will launch a decentralized algorithmic stablecoin. It is reported that the algorithmic stablecoin aims to solve three problems: ensuring the authenticity of oracle price feeds, managing scarcity to ensure price stability and deal with deflationary costs, and designing a short-term price arbitrage model to reduce short-term price volatility.
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