Backed USD: A bitcoin-backed stablecoin on the IC—a prototype

From README.md
“Stability is maintained via economically-driven user interactions and arbitrage, rather than by active governance or monetary interventions. The protocol has built-in incentives that encourage both early adoption and the operation of multiple front ends, enhancing decentralization.”

When market or environmental problems or other problems occur ( for example 1, 2 …), which affect user interactions and arbitrage, when it is necessary to automatically or gradually automatically adjust the mechanism according to the changes in the market or environment, so as to maintain relatively better stability,

Then active efficient governance or monetary interventions are needed ,In order to form a resultant force!

Also considering regulatory, legal and other issues ( for example 1 …), we may need SNS1 communities or others to cooperate in multiple ways, SNS1 communities in some cases are decentralized agent (something like NNS and Named Neurons,SNS1 communities could be
Named Neuron )

SO WE are a community of interests or destiny to improve efficiency and reduce costs, and help eacjh other to stimulate incentives, adoption, and more!