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They 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
by RealityVoid 6y ago
They 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.