CoW Swap Introduces New Milk-Backed Stablecoin
Today, CoW Swap is proud to kick off a new era in stablecoins with the introduction of the world’s very first milk-backed stablecoin.
Are you tired of constant depegs and regulatory scrutiny? Is your grandma always asking how your internet coins are doing? Well look no further than CoW Swap’s brand new stablecoin. We call it Unified Simple Dairy Coin (USDC).
CoW Swap USDC is backed by liters of the world’s oldest commodity — cow milk. That’s right, we’re finally putting the farm on the blockchain as we harness the power of silos brimming with fresh milk to back the reserves of the Unified Simple Dairy Coin.
Unified Simple Dairy Coin has several advantages:
- There’s no fractional reserve banking when it comes to Dairy-Fi (or DaFi, as we call it). Each Unified Simple Dairy Coin is backed by one liter of cow milk
- The most compliant stablecoin — milk is recognized as a commodity by the CFTC so we’re in clear waters when it comes to regulation from day one
- Your grandma’s been drinking milk since she was a little girl — she’ll understand USDC instantly!
- Milk is an asset endorsed by some of the world’s most famous figures, including Tiger Woods, Fernando Alonso, the Nesquik Bunny, and Santa Claus
Do you have beef with algorithmic stablecoins, fractional reserves, and other bull? Have you been waiting for a stablecoin that’s worth its weight in milk? Are you ready to ape into a financial instrument backed by one of the oldest and most stable assets (better than gold!)?
Look no further than Unified Simple Dairy Coin! The grass is greener on this side.™
Airdrops are planned for the first 500 people who can send us a video chugging a liter of milk. For each liter you drink, you get airdropped one Unified Simple Dairy Coin!
So open that TikTok camera and get to posting, there’s enough milk to go around. 🥛💰
