Would it theoretically be possible to add XAU aka. Gold¨as a “Stablecoin” to the Terra Mint/Market Core? ps: same applies for XAG (Silver).
As far as I understand the architecture, the validators should also be able to get price feeds for XAU 1Oz of gold, as it seems quite standardize in the markets. I assume there should be reliable Gold SDR rates available.
so why not burn some $luna to mint gold?
what do you think about that idea in general, worth proceeding?