Stability, or lack thereof, has proven a significant hindrance to adoption. The three primary characteristicsof money are: a unit of account, store of value, and medium of exchange, but most cryptocurrencies only satisfy the latter due to aggressive volatility. This gap in the market has given rise to a surge in stablecoin projects – assets pegged to relatable currencies such as the US dollar. However, despite easily understandable assets and the boom in decentralized finance ($650 million USD locked in smart contracts, up from $400 million the same time last year), most people still don’t know what Tether is, let alone Dai. And that doesn’t begin to address the challenges people face when trying…
