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A comment on UST Stablecoin Loses Dollar Peg. Parent comment

Re:UST Stablecoin Loses Dollar Peg by UncleMeat on Tuesday May 10, 2022 @09:43AM (#31327025)
How do they prevent people from borrowing to deposit? If I own two wallets, would I be able to borrow some coins, transfer them to my other wallet, and then deposit them so I'm netting 6.5% for free?
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Re:UST Stablecoin Loses Dollar Peg by jboy55 on Tuesday May 10, 2022 @11:49AM (#31328537)
Well, the rigorous KYC regulations and policies mean they can ensure every person owns just one wallet... /s
[ Parent | on HN ]