Dear Crypto Experts
i have an idea to create stablecoin that pegged to/backed by something i know that it stable by itself? it is not volatile at all, that something is solid/reliable no questions! so i don't need to create algorithm or codes that is required to rebalance the stablecoin.
just create the stable coin and whenever there is a buy order from anybody, you buy that something in collateral. as simple as that.
what do you think?
your feedback are welcomed and appreciated