Stable Asset is an asset synthesis protocol which generates synthetic asset which is backed by a basket of assets. Both the stable asset and the basket of underlying assets are with the same value peg.
For example, USDT, USDC and DAI are all USD-pegged. The stable asset generated by a basket of USDT, USDC and DAI is also USD-pegged. Indeed, it is much strongly pegged to USD than any of the individual stable coins so that any price shift of the underlying asset won't affect the value of synthetic USD asset.
To know more about why we need stable asset and how stable asset works, please refer to the following sections:
{% content-ref url="fundamentals/background.md" %} background.md {% endcontent-ref %}
{% content-ref url="fundamentals/existing-works.md" %} existing-works.md {% endcontent-ref %}
{% content-ref url="fundamentals/algorithm.md" %} algorithm.md {% endcontent-ref %}
{% content-ref url="fundamentals/architecture.md" %} architecture.md {% endcontent-ref %}
To know more about the current deployments of stable assets, please refer to the following sections:
{% content-ref url="assets/taiksm.md" %} taiksm.md {% endcontent-ref %}