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If you are collateralized to survive a 97.5% loss in collateral value, it means there has to be a severe limit on the amount of USD circulated by the stablecoin
by quickthrower2 4y ago
If you are collateralized to survive a 97.5% loss in collateral value, it means there has to be a severe limit on the amount of USD circulated by the stablecoin. It cannot scale.
- delaaxe 4y agoExcept if most of your collateral is USDC and USDT which are allegedly backed by real dollars
- quickthrower2 4y agoThat would be fractional reserve cubed … or something!
- ryanobjc 4y agoThat's not what happened.
- mtmail 4y agoCan you elaborate?