Why the world should worry about stablecoins

5 comments

• throwaway888666 19 hours ago

  Anyone interested in a precious metal backed stable coin plus yield?

  If yes, what can you bring to the table?

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  • snypher 17 hours ago

    >backed

    >stable

    >yield

    You probably need to rethink this. Where would the yield come from? Who stores the gold? Where's the trust?

    Ok, we buy $1m in gold and issue the coins. Gold price tanks, what to do?

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    • wmf 17 hours ago

      The price of the backing asset doesn't matter. 1 oz = 1 oz.

• yeah879846 20 hours ago

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• black_13 20 hours ago

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