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A comment on UST “Stablecoin” at $.43. Parent comment

Re:UST “Stablecoin” at $.43 by quickthrower2 on Wednesday May 11, 2022 @04:03AM (#31337109)
If you are collateralized to survive a 97.5% loss in collateral value, it means there has to be a severe limit on the amount of USD circulated by the stablecoin. It cannot scale.
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Re:UST “Stablecoin” at $.43 by delaaxe on Wednesday May 11, 2022 @05:16AM (#31337555)
Except if most of your collateral is USDC and USDT which are allegedly backed by real dollars
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Re:UST “Stablecoin” at $.43 by quickthrower2 on Thursday May 12, 2022 @06:04AM (#31351627)
That would be fractional reserve cubed … or something!
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Re:UST “Stablecoin” at $.43 by ryanobjc on Wednesday May 11, 2022 @04:20AM (#31337244)
That's not what happened.
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Re:UST “Stablecoin” at $.43 by mtmail on Wednesday May 11, 2022 @06:17AM (#31337891)
Can you elaborate?
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