IOHK is preparing to publish an academic paper on algorithmic stablecoins.
IOHK CEO Charles Hoskinson announced that the Cardano developer will publish a new research paper on algorithmic stablecoins that automatically adjust and keep their supply stable. Hoskinson describes the article as “unfinished business” from the Bitshares days.
https://twitter. com/IOHK_Charles/status/1405737563030183936
Hoskinson co-founded Bitshares with prominent cryptocurrency entrepreneur Daniel Larimer, but the two parted ways for unknown reasons.
In January, IOHK and EMURGO announced that the AgeUSD stablecoin will be launched on the Ergo blockchain. Last August, Hoskinson said that while Cardano’s algorithmic stablecoin would be “significantly better” than MakerDAO, he was “obsessed” with decentralized finance.
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