According to Odaily, Asymmetry Finance is launching a fully on-chain synthetic dollar, afUSD, whose supply varies according to market conditions. This move is made possible through a collaboration with stablecoin project Ampleforth and decentralized application Paid Network.
The algorithmic stablecoin uses Ampleforth's adjustment mechanism to control the token supply at a specific price. Asymmetry claims that its elastic model can protect its stablecoin from financial pressures in the real world. This innovative approach to stablecoin management could potentially offer a new level of stability and flexibility in the volatile world of cryptocurrency.