Stablecoins
summary
Kowala builds KUSD, a non–asset-backed algorithmic USD peg that mints when price > $1 via a decentralized oracle and issues block rewards, and burns via a visible dead‑end wallet plus a tiny stability fee and halted block rewards when price < $1. Team of ~18 engineers from PayPal, Ethereum core and CryptoKitties ships an autonomous supply controller that claims to remove ~8% supply in 30 days and ~40% in 180, using on‑chain math to fund miner incentives and drive adoption.
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chapters (6)
- 0:00Stablecoins introduction
- 2:29Stablecoin evolution
- 6:00Algorithmic stability
- 8:56K USD stabilization
- 11:46Burning for stability
- 13:31Stablecoin future








