RAI

Market Caps and Volume Crater for Stablecoins RAI and Liquity USD

Rai, a stablecoin for decentralization purists, is now live on the Ethereum mainnet. It’s not pegged to fiat, it’s not backed by fiat, and it’s designed to run completely by computer programs. If it had a physical bill it would carry the inscription, “in code we trust.” RAI is an asset backed only by ETH…