4 ms·
Pegging your currency to another currency and claiming it's more stable is cheating and doesn't really solve the problem. Like the US can stop PayPal from prov
by dtech 6y ago
Pegging your currency to another currency and claiming it's more stable is cheating and doesn't really solve the problem.
Like the US can stop PayPal from providing financial services, they can too stop banks from storing USD collateral to such parties.
Also I don't agree with your "tracked better than that" claim: DAI/USD has a 15% drop and increase in a few months, about the same as USD/EUR in 5 years.
- Stevvo 6y agoDAI is not backed by Usd collateral, the collateral is a basket of other crypto currencies.