Referencing ECC’s recent article (link to article), I was surprised not not see any explicit considerations for either zUST or an in-house Liquity-style solution (stress-tested, audited, billions in TVL, 100% uptime) taking ZEC as collateral instead of ETH.
6.8 billion UST are circulating as of now and considering ZEC’s close ties to Agoric and seemingly the Cosmos IBC interoperability solution (link to post)
Another surprise is MakerDAO’s eagerness for integration as DAI itself is backed by almost 50% USDC, which seems to be a big no-no for circle. (source)
As to Tether’s potential shadow-minting concerns; couldn’t we just make initial mints forcibly & programatically go through a t-address in order to guarantee no mint-abuse?