Cross-border payments in ~1k words

1 points by mthomasb 1 year ago | 1 comment

coldtea 1 year ago |

>A stablecoin is a digital currency backed 1:1 by fiat currency like USD, so its value is constant

How does the conclusion follow from the backing situation? It's only constant related to the amount of USD it amounts to.

coldtea 1 year ago |

>A stablecoin is a digital currency backed 1:1 by fiat currency like USD, so its value is constant

How does the conclusion follow from the backing situation? It's only constant related to the amount of USD it amounts to.