A Golden Finance report stated that ETC Grants DAO will fund the deployment of ETC's native stablecoins ERUSD and ECSD. ECSD is a decentralized dollar stablecoin developed by the Djed Alliance team, and it is a star stablecoin project migrated from Cardano (ADA) called DJED. It operates through a mechanism of over-collateralization and algorithmic stablecoin contracts, which automatically adjusts the stablecoin and reserve currency.