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Why would ANYONE do this? With the volatility of cryptocurrency, it could easily end up costing 2-3x.
by SavantIdiot 6y ago
Why would ANYONE do this? With the volatility of cryptocurrency, it could easily end up costing 2-3x.
- lucasmullens 6y agoStablecoins deal with that pretty well, which might be what they're using here.
- RealityVoid 6y agoThey are using USDC stablecoin for settling it. That is fixed to the value of 1 USD. There are a lot of things happening in the space. SOOO many things that it's practically impossible to keep up.
- SavantIdiot 6y agoDidn't Tether try that and end up having to devalue?
- RealityVoid 6y agoNo. Maybe? Don't know what happened all along history, but Tether still exists and it's still 1 USD. Now it's audited. I see no reason why it could not be pegged as long for every 1 usd recieved, they mint 1 stablecoin and release it to whoever bought it. Things get iffy only in case they start doing reaaal shady stuff. But now USDT is audited(from the latest info I have) and USDC has always been audited.