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A comment on Report on Stablecoins [pdf]. Parent comment

Re:Report on Stablecoins [pdf] by EGreg on Tuesday November 02, 2021 @02:35AM (#29077809)
I used to think it was backed by Ethereum and overcollateralized with oracles. But now I hear it’s backed by USDC … LOL

I kind of preferred the algorithmix approach !

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