Colin Platt, a senior executive at Liquity, stated that the company is nearing the release of a new stablecoin called BOLD. The stablecoin is expected to launch within the next two months and aims to address issues that caused its predecessor, LUSD, to significantly depreciate in value over the past year. BOLD will adopt a borrower-chosen interest rate instead of a one-time fee, which will enhance the currency's flexibility and appeal. Additionally, BOLD will accept staked Ether as collateral. More notably, BOLD will grant the community a small degree of control, meaning users will be able to participate in decision-making processes and influence the future development of the currency.