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Isn't the point of a stable coin is that it is always worth $1 each? So market cap is a valuation of $1 * total coins has gone down by $10B. So that means 10B c
by spullara 4y ago
Isn't the point of a stable coin is that it is always worth $1 each? So market cap is a valuation of $1 * total coins has gone down by $10B. So that means 10B coins were redeemed.
- __turbobrew__ 4y agoOnly if the stablecoin operator isn’t lying about the backing.