First Cardano stablecoin - Synthetic Assets with Indigo Protocol

Eric Coley joins me to talk about Indigo Protocol before its launch on the Cardano blockchain. Indigo is the protocol that will allow users to create synthetic assets on Cardano. This means that you can create a virtual version of a digital asset that will track the price movement of the assets. For example, a user can create iETH using ADA as collateral. The iETH will follow the same price action as the real ETH asset but isn't ETH. For example, you can't use it to buy NFTs or execute smart contracts. The most important asset people can create is a synthetic version of USD and other stablecoins.