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Re:Coinbase S-1 by throwaway_kufu on Saturday February 27, 2021 @08:11AM (#26284632)
> credit backed by "the Full Faith and Credit" clause of the Constitution

Can you or someone explain why “the full faith and credit clause” of the Constitution is commonly associated with “financial credit”?

The full faith and credit clause has to do with the states generally honoring court judgements, public licenses, etc... from the other States.

What does that have to do with a default by an issuer of credit?

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