Stable Credit Protocol
= "The Stable Credit protocol is designed to be a building block to empower a new generation of mutual credit networks that can scale into viable financial systems that enable larger groups to collaborate in mutuality". [1]
URL = https://www.stablecredit.io/
Description
"The stable credit protocol is an alternative economic system that enables any group of participants to build a stable, fair, and transparent financial system that minimizes the amount of outside or fiat capital needed. Stable Credits address the scaling and securitization challenges faced by most credit networks today. ... Stable Credits are created when a network member utilizes their Credit Line to overdraft their network account in order to transfer credits to other network members. While the recipient of the transfer receives newly minted credits, the sender’s network account records the newly created debt as a negative balance. ... The Stable Credit protocol extends the concept of mutual credit to include a shared Assurance Pool that backs the network currency. This enables networks to scale beyond the social trust of its members by empowering members to contribute to the network resiliency together. The Stable Credit protocol is designed to be a building block to empower a new generation of mutual credit networks that can scale into viable financial systems that enable larger groups to collaborate in mutuality without large quantities of external capital and correspondingly high interest rates."