News for hackers. Stuff that matters.

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

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
[ Parent | on HN ]
Re:UST “Stablecoin” at $.43 by quickthrower2 on Thursday May 12, 2022 @06:04AM (#31351627)
That would be fractional reserve cubed … or something!
[ Parent | on HN ]