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42 sats \ 1 reply \ @denlillaapan 5h \ parent \ on: Printing Money: Paxos Mints, Then Burns $300 Trillion in PayPal Stablecoins news
the peg breaks, and the "price" of that stablecoin goes to zero...?
The peg breaks when people become aware of the situation, but isn't monetary history full of people getting away with overissuance for pretty long periods of time?
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