Is a stablecoin truly backed 1:1 if any collateral is sitting in a bank that runs a fractional reserve system?
Or if collateral includes longer-term treasuries that are at risk of being underwater in a rate hiking environment?
(cmiiw, I’m not an economist, just a pleb.)
DT
npub10e…px4dt
2023-03-13 19:09:35
Author Public Key
npub10ez52hdr9j70343mphxc6s0a424659uvn275ffl569xkg4nxcjzqdpx4dtPublished at
2023-03-13 19:09:35Event JSON
{
"id": "dd9ebc7f05e44ebe59390ca7f6a18b7a2d6d36c93cfc699005573bf2b3f001bd",
"pubkey": "7e45455da32cbcf8d63b0dcd8d41fdaaabaa178c9abd44a7f4d14d645666c484",
"created_at": 1678734575,
"kind": 1,
"tags": [],
"content": "Is a stablecoin truly backed 1:1 if any collateral is sitting in a bank that runs a fractional reserve system?\n\nOr if collateral includes longer-term treasuries that are at risk of being underwater in a rate hiking environment?\n\n(cmiiw, I’m not an economist, just a pleb.)",
"sig": "610b87b677ac9fcece734c468d1a1cb50ee9010c347ae7cea8f05a3de1b6f913b7b4ad8d5a6e4394294c9255fa4b14a3e1e9cd7365cca0af765d46b05583da7c"
}