>backed >stable >yield You probably need to rethink this. Where would the yield ... | Hacker News

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		snypher 2 days ago \| parent \| context \| favorite \| on: Why the world should worry about stablecoins >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?

wmf 2 days ago [–]

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

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