Inflation-pegged ‘flatcoin’ launches testnet to track the cost of living
The concept of an inflation-linked “stablecoin” has been trialed before, but time is yet to prove whether it is working as intended. Blockchain tech firm Laguna Labs has launched a testnet for its in-development “flatcoin” — a spin-off of stablecoin tokens — pegged to the cost of living rather than a fiat currency or a commodity. In an Oct. 24 announcement, Laguna Labs said that the Nuon flatcoin is unlike tokens tied to fiat currencies, such as the United States dollar, as it is pegged to the cost of living via “daily unbiased, authentic, and on-chain inflation data.”The firm said the....
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