2 ms·
There are some real questions here. If you issue a "branded stablecoin", are you responsible if the company holding the reserves goes bust or is "hacked"? Proba
by Animats 1y ago
There are some real questions here. If you issue a "branded stablecoin", are you responsible if the company holding the reserves goes bust or is "hacked"? Probably.
You're certain to be sued. Can't disclaim that liability. Can't be anonymous. See the new GENIUS Act [1].
[1] https://www.congress.gov/bill/119th-congress/senate-bill/1582/text https://www.congress.gov/bill/119th-congress/senate-bill/158...