[ANN] CoinoUSD - USD on NXT blockchain

How does it compare to Nubits?

I’m not sure why they are announcing it now. It has been around for a while afaik.

When you buy CoinoUSD asset it is transferred to you, and can be traded or sold back to us.

Looks to me like there is a company behind it (coinomat.com) which tries to use a backing strategy to obtain the peg.

CoinoUSD has been in the discussions.