Developing a Stable Coins Architecture on the ALEO Blockchain | HackerNoon

In this work we not only propose a mechanism of a stable coin, but a monetary system of two interconnected coins within a ALEO blockchain. - cc: AleoHQ aleocommunity privacy aleo

Cryptocurrency's main use case is a store of value and participation in the success of the smart contract platform.

Token stability is a separate use case that can not be realized within the framework of the same token. I propose a binary system design where interaction between two tokens, the native cryptocurrency of ALEO platform and a stablecoin backed by it, guarantees price stability of the latter.

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