Why the world should worry about stablecoins(ft.com)
ft.com
Why the world should worry about stablecoins
https://www.ft.com/content/a5f4b737-215f-4e40-b6e8-0c3ade7e9a30
6 comments
>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?
>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?
No I don't. PhD and MBA
If you bring something to the table I would love to talk to you
The price of the backing asset doesn't matter. 1 oz = 1 oz.
If yes, what can you bring to the table?