Lounge Started Jun 2, 2026 8:00 PM

XMR Stablecoin Ecosytem?

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Jun 2, 2026 8:00 PM
#1
Stablecoins

Been a long time lurker of XMR, and have since returned to explore thanks to @xenu Darknet maxi piece. Made me rethink my approach to decentralization as I've been captured by the thinking of Public Ledgers and Open Finance on ETH - there is a completely valid reason to have your funds hidden from the local barista.

I've been researching what is the state of Stablecoin implementation on Monero? Have there been projects attempted? I've read about Haven Protocol and their ultiamte collapse - this seemed as the greatest attempt at bringing Stables onto XMR - are there any current projects to continue?

Also what is the view of the Monero community on AML? As this seems like pillar that stops stable development.

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Jun 2, 2026 8:42 PM
#2

linked you that thread already:
https://monero.forum/thread/monerousd-stablecoin-fcmp-privacy

ngl stablecoins never made sense to me
and never understood why people keep asking for a stablecoin monero or a wrapped monero or somethin

i mean i guess heard a youtuber being like some DNMs using tether for some reason?
but isnt the reason they're not using using monero just because of the marketcap compared to tether/bitcoin?
like idk, how does it "peg to the dollar" in this case?
then what happens the day the americas be liek

and it's all like the venezuelan bolivar thing by loosing all of that value:

then what? so very stable...
like, isnt monero stable enough already?
i dont get it lol

FCMP++ cool tech tho
the more gimmicky "defi" thing and pegging to a currency that is based on a failed model, then that i dont get lol

and idk, bitcoin was made in response to the 2008 financial crisis thing, to not having to rely on the banking system
yet, nowadays the cryptomarket inherited all of the flaws from that legacy financial system
(centralized exchanges reliance for the whole market/bitcoin as a whole type thing)
and i get it, if u need monero to buy on your thing then i guess atomic swaps are chill for that
but having the tech literally pegged to a known and documented flawed system... just seems odd

and my apologies being all like "stable is not real, this shit fake af"
and pretty much hating on everything "defi" or whatever lol
but also my last experience with someone into "defi" that also made monero forks...
when i mentioned the videogames thingies
that retard was literally all like "ok yea sounds good, let's make nfts tied to the videogame items" like wtf??
how much of a psyop was that?? LOL
while also working on defi shits for monero that would actually increase the attack surfaces...

just sayin, you add web3 shits to the monero ecosystem...
next thing you know there is something wrong with it and impacts monero in some ways
https://www.web3isgoinggreat.com
and that attack vector is already being explored by adversaries

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Jun 2, 2026 8:53 PM
#3

people need to change their mind, but they don't

i don't know what we should do. i've talked to people in recent days and suprisingly they really liked everything about monero, just not the 'fluctuating' price. it seems to be a big thing for people

monerousd.org
freedomdollar.com
are the only projects i can think of

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Jun 2, 2026 9:00 PM
#4

@esna7
gold price isnt fluctuating that much because of the marketcap already being that high
digital gold (monero (fungibility), not btc) could aim to reach a similar marketcap eventually
price fluctuation will be less an issue if "numbers go up"
but not in the sense of "a few whales hoarding" but "many little whales using it in P2P circular economy"
then the whole "price fluctuation" thing would be totally irrelevant
some day maybe...
a stablecoin is just a bandaid and distraction on a solution that should be kept being worked on
(p2p circular economy adoption)

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