#dai — a decentralized opposition to the ‘banking cartel’ of stablecoins accumulates 1.7
▻https://hackernoon.com/dai-a-decentralized-opposition-to-the-banking-cartel-of-stablecoins-accu
DAI — a decentralized opposition to the ‘banking cartel’ of stablecoins accumulates 1.7 million ETH in reservesNot without an ample dose of skepticism, 2018 can indeed be referred to as the year of the stablecoin. Amid total backlash against Tether, and yet high demand for stable cryptocurrency as a means of settlement, a growing cohort of stable coin solutions were rolled out to the market. These appear to be the stablecoins that enjoy most credibility among crypto exchanges today: Paxos Standard PAX, Gemini GUSD, Circle USDC, Carbon CUSD, TrustToken’s TUSD. Yet, it’s safe to say that none of the above products is truly decentralized, essentially being more of a token with the right to claim a fiat USD equivalent stored in a centralized storage (most often on a bank account).What it means is (...)