Top 5 stablecoins for real geeks that are likely to scare you

There are a lot of stablecoins in the world — interesting, strange, and even scary. Today we’ve gathered our top 5 real stablecoins that you probably won’t be able to use. And maybe, on the contrary, after our review, you will find that standard stablecoins like USDT or USDC are very boring, and you are ripe for something really mind-breaking.

Ondo MMF

The launch of OMMF (Ondo’s Money Market Finds) has been announced. The good news is that it’s the most understandable stablecoin in our rankings today.

OMMF is a tokenized investment in U.S. money market funds. In other words, it will be a profit-generating stablecoin with a claimed return of about 4.5% APY. Like other products from ONDO, OMMF is available only to qualified investors. How such investments will be structured and into which funds the money will go (treasury bonds only, or commercial bonds as well) is not disclosed. Look for more information here. 

Dinero

Redacted Cartel’s stablecoin is backed by Ethereum block space. It will essentially be a CDP (collateralized debt position), and in turn, collateralized ETH will provide RPC and block creation. See details here.

Everything is made very complex at the intersection of technology and finance, it’s a real godsend for crazy geeks!

M^Zero Labs

A super advanced stablecoin project led by famous people from the crypto world:

• Luca Prosperi, a former employee of MakerDAO and someone who really understands finance and money.
• The second author of the project is Gregory di Prisco, former head of business development at MakerDAO.

The stablecoin is so weird that we probably don’t have enough stamina to explain what it is. We will just give their official definition:

What will M^ZERO be? A neutral value transmission framework able to permissively convert currencies under decentralized governance.

For more details, see the announcement by Pantera Capital and the thread by the author of the project.

PSY

It’s not easy to understand the meaning of this stablecoin either; its value is pegged to the value of LSD (but not that LSD you think). Here’s how the creators themselves define it:

PSY is a stablecoin that will enable high leverage and stable utilities with highly scalable LSD collaterals.

Everything clear? Then you can start using it without wasting time.

TiTi

It’s very complicated, just the way we like it, plus the description looks solid:

TiTi Protocol, a multi-asset reserve stablecoin based on decentralized Monopoly Auto Market Maker mechanism. TiTi Protocol aims to bring a new type of elastic supply decentralized stablecoin solution to DeFi and Web3 that incorporates the Multi-Assets-Reserve mechanism.

A shorter description sounds much more interesting: 

The First-ever Use-To-Earn Stablecoin.

 

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Hope our short review shows that there are alternatives in the crypto world besides USDT and USDC. Maybe curiosity will make you understand at least one of them, and in return, you will get a new useful synthetic tool for your investment strategies in the crypto world.