The ETC Grants DAO will fund the deployment of ETC's native stablecoins ERUSD and ECSD. ECSD is a decentralized US dollar stablecoin developed by the Djed Alliance team and migrated from Cardano (ADA) to the star stablecoin project DJED. It uses an over-collateralization mechanism and algorithmic stablecoin contracts, which operate through the automatic reconciliation of stablecoins and reserve coins.