One of the Dual Kings of Algorithmic Stablecoins: ESD

Stablecoins are one of the most important tracks in the crypto space, as they can solve the problem of excessive volatility in cryptocurrencies and have increasingly widespread applications in DeFi. This is also reflected in market capitalization. Since 2020, the overall market cap of stablecoins has grown very rapidly, now exceeding $26 billion. (Total market cap of crypto stablecoins exceeds $26 billion, Coingecko) (Including AMPL and ESD, there are already 10 stablecoins with market caps exceeding $100 million, Coingecko) Stablecoins are the holy grail of the crypto space,