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0 sats \ 2 replies \ @037447d9ca 7 Dec \ parent \ on: BTC fuck me up bitcoin_beginners
What old world asset are you tokenizing when issuing bitcoin-backed stablecoins?
This is not tether, this is not backed by treasury bonds but bitcoin.
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0 sats \ 1 reply \ @DarthCoin 7 Dec
issuing bitcoin-backed stablecoins
THE MOST IDIOTIC THING EVER
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0 sats \ 0 replies \ @037447d9ca 7 Dec
It may be idiotic for the counterparty of the deal: the bearer of such "stablesinking" tokens ( just like it's idiotic to hold dollars) but the issuer is just doing the smart move of going long on bitcoin.
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