ETC Grants DAO will fund the deployment of stablecoins ECSD and ERUSD
2024-06-11 02:25:52
The ETC Grants DAO will fund the deployment of ETC's native stablecoins ERUSD and ECSD. ECSD is a decentralized US dollar stablecoin developed by the Djed Alliance team and migrated from Cardano (ADA) to the star stablecoin project DJED. It uses an over-collateralization mechanism and algorithmic stablecoin contracts, which operate through the automatic reconciliation of stablecoins and reserve coins.
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