This is an exciting project, provided it works as advertised. Zephyr promises the privacy of Monero, with the fiat stability of Tether. Unlike Tether however, Zephyr claims to have 400% collateral against their stablecoin.
The primary purpose of other stablecoins is tracking. If trades can be tied to an Ethereum (or other transparent blockchain) address, the owner can be more easily identified. Locking in profits is a secondary consideration.
However, if there was a stablecoin that keeps transactions private, it would be a fantastic option for people who care about privacy. The moral aspect of private transactions is of course up for debate. But that aside, this looks like a great option for privacy-minded individuals and organizations.
It remains to be seen if they can actually deliver on their promises. But the basic idea does fill a much needed niche in the crypto market. Show Less
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