A lot might not know it yet. But Ampleforth is a stablecoin. Yes, you heard it right. Actually, Ampleforth is $1 in fiat introduced back in 2019. It is algorithmic, and its price on the market is rough estimate of how much $1 should be in the given years. 

A Search for Perfect Stablecoin:

So, Ampleforth is a perfect stablecoin, and is a stablecoin that keeps the value safe from monetary inflation. What $1 was worth in 2010, isn’t same as todays. Other stablecoins like Tether, USDC or DAI aren’t safe from inflation. If you are holding $5000 worth of USD in these stablecoins for some years, you may find that those $5000 aren’t worth how much it was worth earlier. 

Hosted in Ethereum Chain, along with its competitors like USDC, Tether, and BUSD, Ampleforth still is the safest solution to keep money in. I must say Publish0x developers integrating Ampleforth on Publish0x made a quality move here. It’s the safest way to ensure the users' funds increase over time. You may see Ampleforth price will slowly and eventually grow in the next 5 years or so.

Discovering the Superiority:

Actually, Ampleforth is the perfect coin to hold if you don’t want to keep your funds in volatile assets, but still want something out of your funds. Ampleforth should also have been hosted in Polygon Chain and other layer-2s which Ampleforth lacks now and is the downside I see here. It’s only available on Ethereum mainnet. 

So, maybe in the future, with the introduction of interconnected blockchains or interoperability, we might be able to bridge over to other L2s and sidechains. Or maybe Ampleforth developers take a step and host it in other blockchains in wrapped version. We might know it soon. In short, Ampleforth is like USD, you put in your savings account back in 2019.