Halfofit
@halfofit
Elastos launched BTCD, a Bitcoin-backed stablecoin. It aims to create a digital Bretton Woods system. BTCD is overcollateralized by 160%-200% in BTC. If price goes above $1, holders burn it to reclaim BTC, reducing supply. If it drops below $1, users mint new BTCD, increasing supply. It self-regulates like this.
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