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>Parity with this basket of currencies will be reached via a redemption mechanism similar to other stablecoins such as Tether So.. no reliable way to actually
by tootahe45 7y ago
>Parity with this basket of currencies will be reached via a redemption mechanism similar to other stablecoins such as Tether
So.. no reliable way to actually get your monopoly money into USD? at least they don't falsely claim to have the USD sitting in a bank, that's a start i guess.
- jmalkin 7y agoAn article I read claimed exactly that, saying that the real money sitting in a bank would also be used for generating interest to pay back initial investors Can't find the source but it was reliable, Techcrunch or the New York Times I think
- cynicalreason 7y agoThey literally say so in their white paper. It's 'assets' not USD specifically