description Stablecoin Overview
Stable.coiN (STOI) is an algorithmic stablecoin that uses oracles to determine its price and adjust supply. It aims to maintain a $1 peg through a combination of minting and burning mechanisms. While algorithmic stablecoins are inherently risky, Stable.coiN's design and the robustness of its oracle network are key factors in its potential for long-term stability. It currently has over $10 million in circulation.
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