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YC may not expecting USD to be stable on it's own.
by ddtaylor 9mo ago
YC may not expecting USD to be stable on it's own.
- jszymborski 9mo agoI imagine the stablecoins they plan on distributing will be pegged to the USD.
- arbol 9mo agoMaybe they'll do a pot of stable currencies to protect against USD devaluation
- epolanski 9mo agoIsn't the whole point of stable coins to: 1. be pegged to the us dollar? 2. be created against a real usd equivalent? You get 1M in USD. You convert it to 1M USD stable coins. You invest the 1M in USD in t-bills at low yield, but still yield. The receiver of the stable coin can spend it as the "real" usd. The stable coin issuer profits on the t-bill yield.