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“Our stablecoin is backed by dollars, so it is better than dollars.” Wut?
by TradingPlaces 3y ago
“Our stablecoin is backed by dollars, so it is better than dollars.” Wut?
- malfist 3y agoIt's even better than that. "Our third party provider of our stablecoin claims to be backed by dollars, so it is better than dollars"
- delabay 3y agoWhat is the "dollar" in your traditional PayPal balance backed by? The differentiation is written in plain English in the article.
- darkerside 3y agoYes, it is better than the dollars Paypal holds for customers and then invests in higher risk securities.