RAI: A Stablecoin with “Trustless Trust?”

In this post, I set the scene for how the RAI stablecoin works and why it’s needed

Bitcoin pioneered the term “trustless trust” in practice. While the US Dollar and other “fiat currencies” require banks(in some form) to move from place to place, bitcoins can be moved anywhere, by anyone, at any time. In 2014, when Tether launched as the world’s first stablecoin, crypto took a step back…