Regen

@jas now talking about @glodollar

how the duoply of stablecoins (USDT and USDC) is harmful for the ecosystem and how they are coming up with a solution that funds public goods with the value that these 2 parties are capturing

The stablecoin that funds public goods.

Hosting /glodollar, /stablecoins. Also posting in /regen, /publicgoods, /philanthropy.


🌐 www.glodollar.org

There are 2 potential solutions:

1. Centralised stablecoin diversity
2. Using only decentralised stablecoins

@glodollar is going for a centralised stablecoin to encourage diversity (same way as we did with Ethereum clients!)

more info at stablecoindiversity.org

regenerative gambler @lottopgf by /ottodao | playing /lotto and uniting /degensxregens | Member @safary 🦁

these are the challenges when we want to encourage stablecoin diversity

how to solve:
1. most are copies of USDT/USDC, so use competitors with USPs (e.g. @glodollar or @opendollar)
2. diversify gradually, no need to go all in into a alt-stablecoin at once!
3. support preemptively and LP charitably (be a shroomchad)

Borrow against Liquid Staking Tokens & Arbitrum native assets with our flexible and transparently over-collateralized stablecoin and Non-Fungible Vaults.

USDT and USDC make $7.4 billion 

@glodollar is channeling those profits to public goods with what they call:
AutoPGF - fund public goods simply by holding a stablecoin ($GLOUSD)

If you factor in that now DAOs are buying treasury bills, technically 100% of the stablecoin market is captured by Censurable Value aka Treasury Bills