Zcash based stablecoin

Looking at these crazy two weeks and thinking of the people that went into this within the last 5 months and most probably are now at a loss, it makes me wonder how to build confidence in the crypto world.

The volatility is so high that it scares so many people away from any cryptocurrency. A stablecoin could be the solution to make people feel safe and confident and therefore increase adoption. I have read on the forum quite a few mentions of a Zcash based stablecoin.

Any more concrete plan on this?

If UDAs come out then users would be able to issue thier own private assets on Zcash.

That could include zBTC, zETH, etc but it would be interesting to see if there could be something more stable like zUSD or zTether.