Comments on: “Dafuq is a stablecoin?!?!” https://didacticmind.com/2022/02/dafuq-is-a-stablecoin.html Strategic Defence of the Mantle of Responsibility Wed, 23 Feb 2022 22:30:09 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Didact https://didacticmind.com/2022/02/dafuq-is-a-stablecoin.html#comment-6917 Wed, 23 Feb 2022 22:30:09 +0000 https://didacticmind.com/?p=14683#comment-6917 In reply to Jon Puckett.

Several such stablecoins already exist – Paxos Gold, Tether Gold, Aurus, etc. Some of them are pegged electronically to gold via algorithmic control of supply and demand. A couple are actually fully redeemable for gold deposits held in vaults around the world. But their circulation is very limited – the biggest stablecoin in the market, by miles, is Tether, pegged to USD.

]]> By: Jon Puckett https://didacticmind.com/2022/02/dafuq-is-a-stablecoin.html#comment-6916 Wed, 23 Feb 2022 22:13:05 +0000 https://didacticmind.com/?p=14683#comment-6916 Hmmm, interesting concept. Perhaps they should consider backing it by gold reserves?

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