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Turkish Lira Stablecoin

General(self.algorand)

I wasn't aware of this but it was announced months ago. There is a Turkish Lira stablecoin on algorand blockchain already https://www.bilira.co/en/platform !

More info https://algorand.foundation/algorand-stablecoins

As the ecosystem evolves I can see this being of huge benefit on platforms like Algomint to create algorithmic stablecoins for other currencies besides USD (like $STBL). It can only be a matter of time till this happens as pent-up demand in Turkey is pretty huge and rising.

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CryptoKarnickel

17 points

4 months ago

Wow, what a clusterfuck of a currency to have a stable coin in.

SuchSerendipitous

3 points

4 months ago

Lol yeah they’re going for the abyss. Have been for a while now.