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> PYUSD's price momentarily deviated from its $1 peg but quickly stabilized following the burn. Why is there even a market for trading between asset-backed sta
by f4uCL9dNSnQm 1y ago
> PYUSD's price momentarily deviated from its $1 peg but quickly stabilized following the burn.
Why is there even a market for trading between asset-backed stable coins and USD? Shouldn't issuer always buy it back for nominal price?
- deleted 1y ago[deleted]
- walletdrainer 1y agoGenerally this is the way issuers avoid having to KYC everybody. A few trusted parties is enough to maintain the peg through arbitrage
- EduardoBautista 1y agoI believe you can sell your USDT back to tether. Although I haven’t heard the same about other stablecoins.