There is a considerable amount of growing innovation around stables. Frax for instance considers themselves to be a stablecoin protocol as they consider FRX, frxETH and FPI to all be stablecoins. But each serves a different market. USD pegged stables are pretty narrow in their worldview (in that sense Num Finance might steal a march on many with their Latin American stables).
That's even before we get to things like ETH backed stables (e.g., LUSD) or other more exotic ideas. Frax's FPI falls into this category as would any potential BTC backed stable from someone like Stacks or Threshold Network.
Would love to see you dive into the non US treasuries backed stablecoins.
Great piece Michael, keep up the good work!
There is a considerable amount of growing innovation around stables. Frax for instance considers themselves to be a stablecoin protocol as they consider FRX, frxETH and FPI to all be stablecoins. But each serves a different market. USD pegged stables are pretty narrow in their worldview (in that sense Num Finance might steal a march on many with their Latin American stables).
That's even before we get to things like ETH backed stables (e.g., LUSD) or other more exotic ideas. Frax's FPI falls into this category as would any potential BTC backed stable from someone like Stacks or Threshold Network.
Would love to see you dive into the non US treasuries backed stablecoins.
Adding it to the list, Andrew! Thanks for sharing your thoughts here.