Golden Finance reported that ETC Grants DAO will fund the deployment of ETC's native stablecoins ERUSD and ECSD. ECSD, a decentralized US dollar stablecoin developed by the Djed Alliance team, is a star stablecoin project migrated from Cardano (ADA) called DJED. It operates through over-collateralization mechanism and algorithmic stablecoin contracts, with automatic adjustment of stablecoins and reserve coins.
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Golden Finance reported that ETC Grants DAO will fund the deployment of ETC's native stablecoins ERUSD and ECSD. ECSD, a decentralized US dollar stablecoin developed by the Djed Alliance team, is a star stablecoin project migrated from Cardano (ADA) called DJED. It operates through over-collateralization mechanism and algorithmic stablecoin contracts, with automatic adjustment of stablecoins and reserve coins.