I have written many articles about DeFi and studied ERC tokens and the DAI on the Ethereum blockchain. But I thought the only stanlecoin on Steem was SBD. This post suggests there is another one; USONE.

Questions?
Are you pegged to the UNited States Dollar?
Do you maintain cash reserves to back up the Token?
Do you have third party auditing?

The answers to these questions could mean a credit facility could be established here on the Steem blockchain, which combined with non-fungible Tokens on the Steem-Engine side chain could create demand for USONE, Steem and Steem-Engine Tokens. The lower cost of transactions on the Steem blockchain could be a big competitive advantage over the Ethereum blockchain and if interest rates for borrowing are lower the MakerDao.
I would love to know more.

Posted via Steemleo