They seem to have been dead-set on creating a "stablecoin" even though they are always destined to fail. Bitshares/BitUSD in the past, and now steem/SBD, and I'm sure EOS will have its own weird stablecoin implementations especially considering they're working with Bitfinex now, who are the Tether stablecoin creators as well.
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I din't realise there were other "stablecoins" created @charitybot. I thought SBD was the only one. I've so much to learn! 😊
Thanks for the info.