ETC Grants DAO will fund the deployment of ETC native stablecoins ERUSD and ECSD, according to Jinse Caijing. ECSD is a decentralized USD stablecoin developed by the Djed Alliance team, and it is a star stablecoin project migrated from Cardano (ADA) called DJED. It operates through over-collateralization mechanism and algorithmic stablecoin contracts, with automatic adjustment of stablecoins and reserve coins.