I'm amazed that there does not appear to be more pro-active engagement and "amber alert" in the Bitshares community at the current state of the altcoin market.
The clamour for blockchain-based pegged currency tokens is becoming the next elephant in the room as exchange-based fiat gateways get increasingly crisis-ridden.
Traders want to trade against national currencies and to take profits in them. Commercial vendors want to accept blockchain payments but denominated in national currencies. Exchanges want to host fiat pairs...you name it.
Yet there is a huge problem here. Any direct interaction with banks is toxic and subject to all kinds of regulator red tape, not to mention trust-issues. Until now, Tether has been filling the gap. But it's not a true blockchain token with intrinsict value, it's just a trusted service backed by real fiat and that fiat-gateway toxicity is now starting to infect that asset with all kinds of knock-on integrity issues.
What's needed is a true blockchain-based fiat proxy with an economic peg and the demand for liquidity is rising. Thether's doing $17 million in volume PER DAY.
Why can bit assets not meet his liquidity demand ?