this post was submitted on 19 May 2024

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Monero

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Since DAI is currently being destroyed (lemmy.sdf.org)

submitted 6 months ago by BD89@lemmy.sdf.org to c/monero@monero.town

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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!!

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[–] 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?