AlgoStable ($STBL) is a decentralized, over-collateralized stablecoin that is soft-pegged to the US dollar and is issued by Algofi, a DeFi protocol built on Algorand. Users are able to borrow $STBL just like any other asset on the Algofi protocol. The entire minted supply of STBL has been permanently buried into the Algofi protocol, therefore any AlgoStable leaving the protocol are fully collateralized.
