Stabolut is launching a new stablecoin, pegged at a 1:1 ratio to the U.S. dollar and backed by Bitcoin.
The developers assure that USDB will not depend on the traditional banking system and will be able to protect itself from regulatory repression.
Despite the ambitious claims, the beta testing of the new product did not generate much interest from the crypto audience.
why did this happen?
Crypto investors around the world traditionally want to see stablecoins backed by some real, tangible asset: gold, diamonds, oil or foreign exchange reserves.
After all, today, with high inflation and economic constraints, stablecoins are almost the only direct way for individuals to flow capital and transfer funds between individuals.
For example, tokens such as GDIT are not only an investment crypto-asset with low volatility, high transaction speeds, liquidity and security, but also a de-facto ownership of real gold.