ICHI is an open source project that allows any open source token community have it’s own stable medium of exchange, backed by that same community currency
I think once you realize the potential , it is obvious how this primitive can be super valuable to help other open-source projects unlock value in their ecosystem.
We propose Gitcoin to lead the way in experimenting with this - full alignment to Gitcoins mission
Yes - there are many stablecoins out there - non of them is backed by $GTC - the whole idea of $oneGTC is serving the Gitcoin community & ecosystem
Why it serve Gitcoin - you get a stablecoin that is backed by $GTC → to mint a new $oneGTC you need to deposit $GTC → it serves as demand driver for $GTC → support the Gitcoin project value.