0

How can a stablecoin be developed on a Substrate-based blockchain? I came across this question, which suggests following the implementation approach of Acala. However, are there alternative methods to create a stablecoin apart from this route?

Improve this question
2
  • Highly depends on if you want to use a simpler issuer-backed stablecoins, or some kind of algorithmic stable-coin. In both cases, though, you would probably opt to use an instance of pallet-balances or pallet-assets and provide the mint/burn privileges to either the issuer or the runtime, respectively.
    – kianenigma
    Aug 28 at 7:53
  • is the token created using pallet-balances or pallet-assets considered as stablecoin?
    – Ganesh11
    Aug 28 at 11:25

0

Reset to default

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge that you have read and understand our privacy policy and code of conduct.