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The frightening things are the most transformative. Decentralized stablecoins represent a huge class of use-cases for blockchain. You don't have to tether the v
by anonytrary 5y ago
The frightening things are the most transformative. Decentralized stablecoins represent a huge class of use-cases for blockchain. You don't have to tether the value of a stablecoin to a fiat currency necessarily.
- bordercases 5y agoThe ask is not hard: introduce dollar reserves and swap lines into the ecosystem, and don't touch the principal. Yet no stablecoin has been able to make this guarantee. Other kinds of assets beyond the dollar are not relevant to retail traders the same way the majority of traders are unlikely to take want to take physical at the end of a futures commodity contract. In the end they will want the dollar amount.