When can we have our own IC stablecoin?

#Doxa_dollar #USDx an ICP home born stablecoin will soon be launching . We just requested for a grant from #DFINITY and waiting for the dfinity grant team to respond. Let’s see whether dfinity will hear it’s community demand by supporting us.

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We need native usdc I reject any proposals for your grants

You must by the US government. Native USDC and native USDT on a blockchain allow the US govt to seize assets on ICP. Why do we need that - just keep using fiat crypto bro?

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Yes, supervision is a factor we pay close attention to, so CLP did not use US dollars or US dollar equivalents as collateral when designing, but used pure on-chain crypto assets such as BTC and ETH. This does not mean avoiding supervision, but minimizing interactions with off-chain as much as possible.

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ICP is merely an unambitious public chain driven by a selfish minority of vested interest groups. It’s a technical meme, and the leaders of this community never consider the interests of other SNS teams and individual investors.

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USDT USDC are a scam they are same as Centeral bank print print and more lies.

Is 100 block confirmation really necessary for USDC conversion to CkUSDC? It seems excessive imo. It make the UX really bad.

The higher block confirmation required, in my opinion, is part of KYT process to ensure that the source of the deposited USDC does not come from problematic transactions. This helps reduce the risk that ckUSDC minted originates from problematic funds. I actually think it may be necessary to have a 24-hour equivalent block confirmation is needed for large USDC deposits before ckUSDC minted.

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there is a protocol that went live a few days ago - talerdao.org - it is a bitcoin-backed stablecoin.

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We call on Dfinity to continue to promote ckUSDT into ICP, thanks Dfinity.

A protocol went live recently - icp.talerdao.org - an $ICP-backed stablecoin.

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I see this is the ledger for the iTAL token: tofpc-yyaaa-aaaar-qafxa-cai
Is there also an index canister?

This is the correct ledger. There is no index canister for now as it wasn’t requested, would you like us to deploy an index for iTAL?

An index is required for most DEXes and wallets to display the TX history. IMO you should add an index proactively even if you don’t see demand yet

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Why are stablecoins called stablecoins even though they are not stable in the slightest and are printed at a terrible rate by issuers? Are people fine with their share being constantly eroded? Fiatcoins would be a more appropriate name. Start setting prices in real stablecoins like Bitcoin already

@dominicwilliams can u hear the voice from ICP holders ??

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:rofl:

ckUSDC is not as bulletproof as people think by the way…

Satoshis could be used for this imo, since 100,000,000 Satoshi = 1 Bitcoin. However, Bitcoin is volatile and majority of crypto space uses USD as a stable coin

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ICP claims to be the world’s best third-generation blockchain, yet it cannot seamlessly and efficiently integrate the stablecoin system into its network. Dom and Dfinity never prioritize infrastructure and are unwilling to listen to the voices of community users. This is extremely arrogant! The last business giant that perished due to arrogance was Windows Phone.


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POLL: NATIVE USDC on ICP - General / DFINITY - Internet Computer Developer Forum

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