California-based credit network Trustline plans to release a new stablecoin that will be deployed on the Flare Network and issued on the XRP Ledger. The new crypto-stablecoin called Aurei will be pegged to the U.S Dollar, according to a proposal shared by Trusline. According to the said proposal, Aurei will be minted through a smart contract after cryptocurrency collateral is deposited into a ‘Probity Vault’ – essentially a smart contract system responsible for minting Aurei and executing loans on behalf of depositors.