But this coin depends on Ether so it is not really something new - if I lend an amount and Ethereum is rising meanwhile ---- much too complicated with the ups and downs of Cryptos ..
We need a coin backed by the power and strength of the community like our money was backed by the strength of the economy of the people in its nation before Fiat-money came and fucked us -- as long as coins depend on buy-and-sell people with (fiat)money can let them jump and fall and every real business is impossible ...