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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[-] gunnm@monero.town 3 points 6 months ago

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

[-] mister_monster@monero.town 1 points 6 months ago

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

[-] WishfulAlbatross@monero.town 1 points 6 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?