IOHK is preparing to publish an academic paper on algorithmic stablecoins
IOHK is preparing to publish an academic paper on algorithmic stablecoins .
Charles Hoskinson, CEO of IOHK, announced that the Cardano developer will publish a new research paper on algorithmic stablecoins that keep their supply stable by automatically adjusting them. Hoskinson describes the article as “unfinished business” from the Bitshares days.
Hoskinson co-founded Bitshares with prominent cryptocurrency entrepreneur Daniel Larimer, but the two parted ways for unknown reasons.
In January, IOHK and EMURGO announced that the AgeUSD stablecoin will be launched on the Ergo blockchain. Last August, Hoskinson said that while Cardano’s algorithmic stablecoin would be “significantly better” than MakerDAO, he was “obsessed” with decentralized finance.