Li Xiaolai in an official announcement last Monday, December 3, indicated a new stablecoin project to provide a more stable and secure cryptocurrency for investors.
This Chinese billionaire is a cryptocurrency investor, the project will be in development through the blockchain of Grandshores Technology and it is not the first time that this company has been involved in a stablecoin project.
Image source: https://www.asiacryptotoday.com/chinese-bitcoin-billionaire-at-it-again-li-xaiolais-ethereum-address-exposed/
Xiaolai will lead the process during the development stages of the currency, she also wants to expand her plans to launch rights. Another interest for the billionaire is the creation of a database based on Directed Acyclic Graph (DAG) and other products related to blockchain technology.
Alright! More stablecoins! Recent stablecoin I know is DAI and they just got listed having them a trading competition. https://news.kucoin.com/en/dai-dai-trading-competition-win-182-mkr/