A decentralized and non-pegged stablecoin that defies fiat currencies. Reflexer is a platform where anyone can use their crypto collateral to mint stablecoins. Stablecoins, as opposed to fiat coins, are not pegged to anything, very similar to how the US Dollar is not pegged and it is still considered stable.
https://reflexer.finance
https://www.coingecko.com/en/coins/rai
https://www.coingecko.com/en/coins/reflexer-ungovernance-token
https://vitalik.ca/general/2022/05/25/stable.html