ICHI launches ‘Decentralized Monetary Authority’ for stablecoin issuance By Cointelegraph

Theta Network's token enters top 10 cryptos by market capitalization By Cointelegraph

ICHI launches ‘Decentralized Monetary Authority’ for stablecoin issuance

Stablecoin issuing platform ICHI has launched a Decentralized Monetary Authority, or DMA, that enables cryptocurrency networks to more easily mint their own stablecoins securely.

By utilizing ICHI’s DMA, cryptocurrency communities can create and govern their own fully-collateralized stablecoins and set their value at exactly $1. ICHI’s developers say their platform solves the myriad of challenges associated with existing stablecoins, including the need to sell other cryptocurrencies to mint more tokens. This problem is akin to selling a stock, which simultaneously decreases the value of that stock.