Pinto is a credit based algorithmic stablecoin designed to be the first scalable crypto-native medium of exchange and unit of account. Unlike other stablecoins, which are either collateralized (and therefore cannot scale), or centralized (and therefore sacrifice crypto's values) Pinto is credit based, and is designed to be censorship resistant and autonomous, positioning itself to complement Bitcoin and Ethereum and serve as the crypto-economy’s base-layer currency for economic activity beyond storing value.
Pinto is crypto fiat, and is designed to complement Ethereum as a base currency of the leviathan-free economy.
The modern money printer is unfair, as the currency is inflated out from under its holders. Yet, people need low volatility assets. The crypto solution is currently centralized (read: censorable) currencies based in collateral. These sacrifice crypto's values, and cannot scale.
Read more: https://docs.pinto.money/why-pinto/pinto-prints-for-the-people
Pinto uses credit instead of collateral to create a crypto-native fiat money which offers highly competitive yield.
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