Article Summary, Automatically Generated By AI
Summary of Curio Stable Coin
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Launch Date:
25/05/2021 -
Location:
Switzerland -
Protocol:
Curio StableCoin Protocol -
Token:
Curio Stable Coin (CSC) -
Pegged to:
U.S. dollar -
Collateral assets:
Tokenized collectible cars -
Value determination:
Chainlink oracles -
Governance:
CurioDAO, Curio Governance Token (CGT) holders
Introducing Curio Stable Coin: A Beacon of Stability in Volatile Markets
Launched on May 25, 2021, by a Switzerland-based team, Curio Stable Coin is an integral component of the Curio StableCoin Protocol and CurioDAO ecosystem. The Curio StableCoin Protocol ensures a soft peg of the Curio Stable Coin (CSC) token to the U.S. dollar, leveraging positions in collateralized assets tied to real-world assets. Notably, tokenized collectible cars, courtesy of Curio, serve as collateral assets. The value of these collateralized assets is determined through Chainlink oracles. Furthermore, the Curio StableCoin Protocol and Curio Stable Coin token are governed by the CurioDAO autonomous decentralized organization model, with decision-making authority vested in Curio Governance Token (CGT) holders.