I also think a stablecoin on aeternity is a project worth pursuing. It will open the doors to a number of other useful applications of cryptocurrency and blockchain tech, namely:
- Payments - volatile cryptos are not well suited for that
- More stable collateral
- Other synthetic assets - crypto-based CFDs available globally
- Insurance
- Margin trading
- Lending/borrowing
Generally, introducing a stablecoin reduces the inherent risks of volatile crypto, and lays a foundation for better commercial applications.
Building trust in a programmatic stablecoin takes time though. It must prove its reliability in the wild. It also introduces systemic risk.
Despite that, I am convinced that it is absolutely essential for any public blockchain infrastructure project to feature a stablecoin.