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Stablecoins are casino chips. Casinos at least have equivalent cash on hand to encash them. Stablecoin issuers are printing them out of thin air.
by yashg 4y ago
Stablecoins are casino chips. Casinos at least have equivalent cash on hand to encash them. Stablecoin issuers are printing them out of thin air.
- everfree 4y ago> Casinos at least have equivalent cash on hand to encash them. Stablecoin issuers are printing them out of thin air. I'm sorry but you have no idea what you're talking about. I bet you couldn't even name three stablecoins and describe how they maintain price stability. Hint: There are three main backing types (tradfi-backed, overcollateralized, algorithmic), and two peg types (fixed, floating).