Paul Snow - Market Driven Pegged Tokens (Texas Bitcoin Conference)
https://youtu.be/uszUt0GStJs
Edit: He also answers questions about Factom of course...
Still trying to understand it all, but it almost seems like its just a play to try and bring more factoid burns to the network. He makes it sound like the only people who would maybe use these stable coins would be traders/speculators...
Let's look at it like this though, if it brings more users to the protocol than its a good thing for the price of factoids. Even if no one ends up using it, at-least its an added utility of the protocol.
There has been alot of development over the last year, sad to see price not reflecting at all.
These guys are just living off the ICO - it's a great life when you can print your own money
It's been around for 5 years and going nowhere fast.