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Wouldn't really work. Stablecoins operate in highly correlated markets, so if one goes down then presumably, others should go down. Also, the government is a h
by scoopertrooper 4y ago
Wouldn't really work. Stablecoins operate in highly correlated markets, so if one goes down then presumably, others should go down.
Also, the government is a highly diversified insurer that can create more the underlying asset it is insurring.
- criddell 4y ago> Stablecoins operate in highly correlated markets Do they have to? Is there any reason they couldn't hedge that money?