Stablecoin RAI launches, a pure, decentralized alternative for DeFi

Cointelegraph

Published Feb 18, 2021 09:47PM ET

Updated Feb 18, 2021 11:20PM ET

New Ethereum-backed stablecoin RAI hopes to be the savior of the DeFi sector by providing a truly decentralized stablecoin alternative.

Developed by blockchain startup Reflexer Labs, RAI is not pegged to any fiat currency and its monetary policy is managed by an on-chain, autonomous controller. It's a fork of Maker's DAI. RAI co-founder Ameen Soleimani explained:

h3 How is RAI different?/h3

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