A question that's very often asked in Equilibrium's Stablecoin Telegram channel.
Mike from the Team gave an in-depth answer:
The idea of EOSDT/NUT is a little similar to Maker: It’s a decentralized collateral-backed stablecoin solution.
The difference being that Equilibrium is built on EOS blockchain which differentiates us from Maker in the following aspects: zero transaction fees, much faster transaction processing, partial collateral superfluidity where portions of Equilibrium collateral may be used for Block Producer voting or REX staking, much better decentralized governance, built-in ability to leverage any DPoS architecture and provide a true cross-chain solution with DPoS consensus blockchains.
Source: https://t.me/equilibrium_eosdt_official/3281
Visit the Project: https://eosdt.com/
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