Stable token pegged to any currency, commodity, or underlying asset?

[Richurd]

https://peg.network/

Does anyone know anything about this project? They seem to still be in stealth mode but the concept seems really cool. Thoughts?

[mummybtc]

I don't know why people feel it worht investing into a stable coin. I am even becoming more sceptical of stable coins, the rate at which everyone wants to have an ICO around Stable is becoming disturbing. Apart from the transaction fee where is the profit coming from since the tokens can't increase in value more than $1, though crazy thing do happen