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 5 months ago by [email protected] to c/[email protected]
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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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[–] [email protected] 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.

[–] [email protected] 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.

[–] [email protected] 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?