Rai Dollar Launches as ETH-Backed Uncensorable Stablecoin Amidst Regulatory Shifts

Bert Kellerman, a figure associated with Reflexer Labs, has announced the launch of Rai Dollar (@rai_dollar), a new stablecoin designed to be entirely uncensorable. The announcement, made via a tweet on November 8, 2025, directly tagged Elon Musk, signaling an ambition to attract attention to its unique decentralized model. Rai Dollar positions itself as a robust alternative to traditional fiat-peg ged stablecoins, emphasizing autonomy and resistance to external control.

Unlike conventional stablecoins such as USDT or USDC, Rai Dollar (RAI) is not pegged to any fiat currency, including the US dollar. Instead, its stability is maintained through an algorithmic controller, often referred to as the "Money God," which dynamically adjusts a "redemption rate" to align the stablecoin's market price with its floating redemption price. This mechanism aims to ensure stability without relying on centralized reserves or external price references.

Rai Dollar is exclusively backed by Ethereum (ETH), a design choice that underscores its commitment to decentralization and minimizes counterparty risk. This approach contrasts sharply with many existing stablecoins that incorporate centralized assets as collateral, making them susceptible to censorship and fund freezing by authorities, a growing concern highlighted in recent cryptocurrency discussions. The raidollar.tech website, carrying a 2025 copyright, details these features, promoting the asset as transparent and resistant to manipulation.

The launch comes at a time when the cryptocurrency market is experiencing increasing regulatory scrutiny on centralized stablecoins, leading to a rising demand for "dark" or private alternatives that offer uncensorable transfers. While Elon Musk has publicly expressed interest in integrating crypto payments into his platform X and supports decentralized finance, no direct endorsement of Rai Dollar or similar uncensorable stablecoins by Musk has been reported. His past crypto interests have largely focused on Dogecoin and the broader utility of blockchain technology for payments.

Kellerman, whose Twitter profile links to raidollar.tech and mentions Reflexer Finance, has previously advocated for similar algorithmic stablecoin designs. He has highlighted the importance of minimal governance and the inherent fallibility of human intervention in maintaining a truly stable and decentralized financial instrument. Rai Dollar aims to fill a critical niche for users seeking a stable asset free from the potential for censorship and governmental oversight.