Update
UglyCash Initiative Update
The author of UglyCash, nnevvinn, discusses their initiative to connect UGLYCASH equity to RSR. They state that they have been brainstorming and consulting with lawyers on the initiative, which they believe is plausible despite potential legal challenges. They emphasize their commitment to integrity and transparency. The author also mentions that UglyCash has seen significant growth in eUSD TVL since launch, with a total balance larger than the consumer stablecoin balance in Venezuela. They project a year-over-year growth of 3X for the TVL.