I really think that stablecoins have a future. But i don't want companies like kinesis trying to centralize all this flow of money. We require to work more in atomic swaps. Real solutions of scalability of gold and money born in the merkle trees and cross-blockchain with no intermediaries.
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It's built on Stellar, a decentralized blockchain.
Think of Kinesis as a protocol upon Stellar, a protocol designed to emit stablecoins.