Abstract: A financial engineering innovation involving a decentralized stable unit of account. This disclosure provides for a hybrid stablecoin of type cryptocurrency backed/non collateralized without a central counterparty by enabling participants to separate and transfer both volatility risk and event risk through an open source smart contract. Stablecoins are created and loaned out when cryptocurrency coins, tokens or other blockchain units are placed into the system as collateral and backed by insurers. Stablecoins are placed into the system as collateral and cryptocurrency coins, tokens or other blockchain units are loaned out and the loan backed by insurers.