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If there were a clear and well-regulated equivalent of Tether, with obvious and transparent dollar-backing, I suspect it would find a lot of usage. Might cost
by ISL 4y ago
If there were a clear and well-regulated equivalent of Tether, with obvious and transparent dollar-backing, I suspect it would find a lot of usage.
Might cost $1.15 to mint a new USD-coin redeemable for $1.00, but I suspect there would be an appetite.
Massive volatility and the occasional collapse of a crypto-bank are probably hindering the appetite of many people for anything in the crypto market. That population probably would dwarf any yield-farmers.
- atdrummond 4y agoRight now stablecoins are a pretty profitable business because of interest rates. An attestation report available 24/7 should be generated easily if you’re doing things properly, as well as frictionless burning and minting. Note: I work for Glo, a non-profit stablecoin, so have a vested interest in this space. I do not and am not speaking on behalf of our group.
- everfree 4y ago> If there were a clear and well-regulated equivalent of Tether, with obvious and transparent dollar-backing There are several. I compiled a list of them a few months ago. https://news.ycombinator.com/item?id=31381864 https://news.ycombinator.com/item?id=31381864