The Bitcoin Cash network has introduced an experimental stablecoin called Moria (MUSD), built on the Bitcoin Cash blockchain. Through the Moria Protocol, users can mint decentralized stablecoins backed by BCH, providing stability to the token. The asset is over-collateralized by BCH and tied to the US dollar's stability. The stablecoin can be used to move bitcoin cash around with less concern for market volatility. The launch of Moria is part of the CashTokens upgrade, which allows for the execution of smart contracts directly on the Bitcoin Cash chain. This upgrade enables cheap transactions on layer 1 of the network, making it a potential competitor to entities like Tether. The Moria experiment aims to evaluate the stability of MUSD and has a sunset mechanism scheduled for May 2025. Compared to Tether, Moria offers more transparency through open source code and is backed by Bitcoin Cash rather than a mixed bag of investments. However, there is mixed sentiment within the BCH community about the need for a stablecoin.



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