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eggman 🔵
@eggman.eth
A quick update on USDO by /nova ; our doge-backed stablecoin has now held the dollar peg for 162 days, with only $28k in liquidity!! 🥳 USDO utilizes our own in-house formula for security-first stablecoins (dubbed "hyper-collateralization"); and can essentially use *any* token as a stablecoin backing.
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agusti
@bleu.eth
wait does this mean i can have USDBleu ?
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eggman 🔵
@eggman.eth
Technically yes, but uh, I very much recommend against using any token which doesn't have at least a billy in circulating value
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agusti
@bleu.eth
hahaha makes sense 🫡 in a few years maybe cool stuff tho
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