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Regulation-compliance is kind of a requirement for, well, everything, stablecoin or otherwise, so not really sure what the point is here...
by kiitos 1y ago
Regulation-compliance is kind of a requirement for, well, everything, stablecoin or otherwise, so not really sure what the point is here...
- conception 1y agoStablecoins don’t need to have proof of reserves or any other normal regulatory requirements banks have.
- hoppp 1y agoCircle has proof of reserves, fully regulated and I can use USDC like a regular ERC20, so I think they want the same.
- kiitos 1y agoFull attestation doesn't guarantee stable 1-to-1 valuation, even with all of those things USDC isn't equivalent to 1USD and treating it as if it were carries risk.
- hoppp 1y agoDefinitely,but the Us dollar also carries risk so really there are no risk free assets.
- kiitos 1y agoI mean, in the absolute sense, sure, but the "risk" carried by USD is a categorically different, exponentially smaller thing than the "risk" associated with any stable coin. They're not really comparable.