Stablecoins have made blockchain technologies more accessible, giving many people the opportunity to exploit the advantages of a decentralized currency without having to face the risks that derive from the inherent instability of traditional cryptocurrencies. To maintain this trend, it is crucial that communities work on developing protocols that are as interoperable and decentralized as possible. Solid is a new protocol on the Terra blockchain with a soft-pegged overcollateralized stablecoin and a decentralized governance system managed via a dedicated token.
