I'm assuming you guys know with BitUSD, basically people short BTSX to create BitUSD out of thin air, and other can buy or sell them. Problem is it's fluctuated from anywhere between $0.71 and $0.999 (or $2 upon opening). It has some potential as a prediction market.. but those are swings of 30%, it's certainly not stable enough for a merchant to decide to store his money in that form. And personally, I'd be afraid of a bank run.
CoinoUSD is an assset, run on the Nxt asset exchange that is backed by actual dollars. At any point in time, you can take a CoinoUSD asset and send it to your CoinoUSD account, which will allow you to cash out and end up with an actual dollar bill sitting in your bank account. Because they hold on to USD to back CoinoUSD, no worry of a bank run. Problem of course is that it's centralized.
More details:
https://coinomat.com/coinousd.phpSo, question is what do you guys think about BitUSD vs CoinoUSD?