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Stablecoin provider doesn’t buy up cheap stablecoin: “it’s really suspicious that they’re not buying cheap stables, something’s wrong” Stablecoin provider buys

Stablecoin provider doesn’t buy up cheap stablecoin: “it’s really suspicious that they’re not buying cheap stables, something’s wrong” Stablecoin provider buys up cheap stablecoin: “it’s really suspicious that they’re supporting the stablecoin price, something’s wrong”

Kinrany 4y ago
How is the latter suspicious? That's exactly how stablecoins work
- vgatherps 4y ago
  Stablecoin providers create/redeem at par, that’s the main mechanism. Algo “stables” like Ust might do it as a sort of bailout but that’s because they aren’t a backed 1-1 instrument.