EOSDT is an EOS-based framework for generating stablecoins backed by their own portfolio on Equilibrium.

History

EOSDT is a project built on the EOS protocol that allows network peers to issue stablecoins pegged to the value of the dollar and collateralized by the users own digital asset holdings. Equilibrium was created to be a stable store of value mechanism amidst the characteristic volatility of the digital asset space. Equilibrium chose to build on EOS instead of Ethereum because the founding team viewed the faster confirmation times and lower transaction fees on EOS as better tools for the Equilibrium stablecoin platform.