Elrond is working with Bidao to use eGold to secure the release of BAI stablecoin, which is to be backed by many other assets as well. BAI will also be broadcast on Elrond's main network.
The goal is to explore Eldron's smart contracts and token standard in the Bidao ecosystem.
More info you can read https://elrond.com/blog/bidao-bai-stable-coin-egold-collateral/