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February 16, 2020, 11:07:47 AM |
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Hey guys, I was thinking about how amazing is the DAI stablecoin. DAI is great for keeping your eth and loaning yourself some USD. I've done it, you've done it, he's done it, we all have done it. It's great and it works.
Now, what about second/third world countries? I mean even the EU doesn't still have a stablecoin. I was thinking that instead of creating another stablecoin based on eth, it would actually make more sense to base it in DAI/USD. Like, my wife is Colombian, so people there use the Colombian Peso (COP). It would just make sense if you could get your USD/Eth, convert them into DAI and lock them and in return get COP. Why do that instead of with Eth? Well, because with this system you can also do it, but if you want to loan yourself some COP, DAI/USD is stable so you probably can loan yourself more with a lower risk.
What do you guys think? Should we have stablecoins like DAI, but based on DAI and other currencies. I'm thinking euros, colombian/mexican pesos etc. Hell, it would be fun to have a stablecoin for Venezuelan bolivars just for the thrill of speculating on hyperinflated currencies.
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