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Home Business Stablecoin RAI launches, a pure, decentralized alternative for DeFi By Cointelegraph

Stablecoin RAI launches, a pure, decentralized alternative for DeFi By Cointelegraph

Stablecoin RAI launches, a pure, decentralized alternative for DeFi

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

Developed by blockchain startup Reflexer Labs, RAI is just not pegged to any fiat foreign money and its financial coverage is managed by an on-chain, autonomous controller. It’s a fork of Maker’s DAI. RAI co-founder Ameen Soleimani defined:

How is RAI totally different?