IOST Sets to Launch a Decentralized Algorithmic Stablecoin

Blockchain technology application platform IOST has announced that it will launch a decentralized algorithmic stablecoin. It is reported that the algorithmic stablecoin aims to solve three problems: ensuring the authenticity of oracle price feeds, managing scarcity to ensure price stability and deal with deflationary costs, and designing a short-term price arbitrage model to reduce short-term price volatility.