It is a trend to create more and more stablecoins, but what is the reason behind it? How they profit on it? Maybe all stablecoin creators are using a small amount of unbacked tokens for their own needs? That would be very very dangerous!
With the stable coin you can create various service and you must take a look at DAI and that has made its own lending service use DAI as the main coin to be used as a payment system on its platform.
What they need to prove the reserved funds and that's enough to show the credibility of the company. that's a new stable coin and we will see how much stable coin that owned by the company.
It's just an early step to promote its stable coin.
Dude, that needs a lot of time. That's why a new stable coin must be audited.
