so backed by and pegged to are interesting concepts that i hadn't really differentiated before.
i assume "backed by" would be the BitBond idea. if i understand correctly this means the Treasury takes on Tether's business model to an extent (but with their treasury bill product, not stable coins).
and "pegged to" would be like an reverse stable coin. the dollars would be pegged to, let's say, 10 satoshis per dollar. that would be an upside-down world
Goji berra / Gar bear
npub1g4…ltqvs
2025-04-17 12:32:47
in reply to nevent1q…d3jr
Author Public Key
npub1g49uyac6d83sss7sln8aumsstle7m3wxwwvc8mmpqsnr8e9f2cdq6ltqvsSeen on
wss://soloco.nlPublished at
2025-04-17 12:32:47Event JSON
{
"id": "bf82e2216e3ac6ac0e7985b19b9c0704cd27282884b3b57482da0ae094e6a239",
"pubkey": "454bc2771a69e30843d0fccfde6e105ff3edc5c6739983ef61042633e4a9561a",
"created_at": 1744893167,
"kind": 1,
"tags": [
[
"p",
"c21b1a6cdb247ccbd938dcb16b15a4fa382d00ffd7b12d5cbbad172a0cd4d170",
"wss://relay.nostr.band/",
"ABH3PO"
],
[
"p",
"dd664d5e4016433a8cd69f005ae1480804351789b59de5af06276de65633d319",
"wss://theforest.nostr1.com/",
"Laeserin"
],
[
"e",
"60ae4c4ec924c55fe985b3331f09b1096755cb0f2e2a5617235c2e0f872a2841",
"wss://filter.nostr.wine/npub1dld9hn3gsgtkh7atl26s8gd49qfjjkpdw8ztap9mk4n7vhq60y0satfd8s?broadcast=true",
"root"
],
[
"e",
"1708e398fd34d0a5f3aa876ce3ad606e0e57948cfa18b5a16de29309a34caca5",
"wss://nos.lol/",
"reply",
"c21b1a6cdb247ccbd938dcb16b15a4fa382d00ffd7b12d5cbbad172a0cd4d170"
]
],
"content": "so backed by and pegged to are interesting concepts that i hadn't really differentiated before. \n\ni assume \"backed by\" would be the BitBond idea. if i understand correctly this means the Treasury takes on Tether's business model to an extent (but with their treasury bill product, not stable coins). \n\nand \"pegged to\" would be like an reverse stable coin. the dollars would be pegged to, let's say, 10 satoshis per dollar. that would be an upside-down world",
"sig": "76012c3c3f6b02417846126ad06a5dd62b0c3a0a79c31498a1138df00970bd90d7e16b34a6523caa50d88f7117b4192d1eb47d8a99f98196e705d703de58aaeb"
}