reminis
@reminis237
Elastos launched BTCD, a Bitcoin-backed stablecoin. It aims to create a digital Bretton Woods system. BTCD is overcollateralized at 160%-200%. If price goes above $1, holders burn BTCD to reclaim BTC, reducing supply and lowering price. If it drops below $1, users mint new BTCD and sell, increasing supply and pushing price up.
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