Imo, there seems to be no need for more stable coins at this point. The market already offers a sufficient number of robust and reliable stable coins.
RE: GHO is now on ETH!
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GHO is now on ETH!
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You may be right but the concept is to address the volatility of the market and also create more opportunities of earning passive income in the DeFi ecosystem.
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Just be careful mate.! Not talking about GHO but Luna offered high ROI for stable coins. Or we may use some trusted platforms like Bitget/Binance to earn passive income through their staking pools.
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But, in order to decrease our dependency on tether, there should be these kinda stable so that, if tether dpeg it doesn't take down the whole market with it!
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