Cardano to launch a gold-backed stablecoin - Luke is Alive #163 - October 08, 2021
A partnership between decentralized finance platform MELD and Tingo Network, Nigeria's largest mobile network, will lead to the launch of a new gold-backed stablecoin for the Cardano network.
"Our goal here is simplicity and clarity. The gold will be stored in a vault, tokenized and then fractionalized and divided so we can sell it."
Ken Olling, president and co-funder of MELD.
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I hope they're idea works out nicely. I heard the challenge with backing a crypto with Gold is that it still has a third party risk. Yet nothing is riskier then the US dollar. Thanks for sharing. :) !LUV
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