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Stablecoin RAI launches, a pure, decentralized alternative for DeFi

Published 02/18/2021, 09:47 PM
Updated 02/18/2021, 11:20 PM
Stablecoin RAI launches, a pure, decentralized alternative for DeFi

New Ethereum-backed stablecoin RAI hopes to be the savior of the DeFi sector by providing a truly decentralized stablecoin alternative.

Developed by blockchain startup Reflexer Labs, RAI is not pegged to any fiat currency and its monetary policy is managed by an on-chain, autonomous controller. It's a fork of Maker's DAI. RAI co-founder Ameen Soleimani explained:

How is RAI different?

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