  Stablecoins, which are primarily intended to function as a global reserve of
value are insubstantial in their design and present many failure points. The
primary mechanism to enable these coins to hold on to a fixed value is by
backing them with collateral. Fiat collateralized stablecoins require users to
trust a centralized entity, which breaks the total concept of decentralization.
Crypto collateralized stablecoins have issues involving high collateral
requirements and introduces risks of auto-liquidation. In this paper we aim to
propose an alternative architecture for the creation of a functional and secure
stablecoin.
