We are at the cross roads... again... Using stablecoin on a blockchain is one of the best use case I've seen outside of bitcoin. With TARO we can build the ideal stablecoin we want by taking all the experience we learnt so far from shitcoins. Here's my brain dump.
- Decentralized and community driven instead of managed by a single company/entity
- Should be non custodial at lightning node level
- Easy to check proof of reserves on bitcoin blockchain
- Peg should be strong enough not to break
- Can be pegged to any currency or stable value
- Anyone can mint/redeem as long as they post collateral
Anything else I am missing? Please add your thoughts...