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> The US Treasury should enforce 100% reserve requirements on all USD-pegged crypto stablecoins, with mandatory audits. Lmao. Have you heard of decentralised s
by gge 6y ago
> The US Treasury should enforce 100% reserve requirements on all USD-pegged crypto stablecoins, with mandatory audits.
Lmao. Have you heard of decentralised stablecoins? There are many types of decentralised stablecoins such as overcollateralised ones, fraction reserve ones, algorithmic ones etc. Overcollateralised ones like DAI (backed by ETH/USDC/WBTC etc) and sUSD (backed by SNX) are the most popular ones. How will you enforce a reserve requirement on a decentralised stablecoin like this?