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A comment on $3B in Bitcoin was sold in a last-ditch attempt to save UST from collapse. Parent comment

Re:$3B in Bitcoin was sold in a last-ditch attempt to save U... by dfdaffg423rag on Monday May 16, 2022 @01:35PM (#31400776)
I'm saying, if you're making a US dollar backed stablecoin, you could do it with minimal risk and still profit handsomely by just holding US treasuries.

Instead, we have stablecoins backed by all sorts of things like commercial paper in cryptocurrency exchanges.

[ Parent | on HN ]
Re:$3B in Bitcoin was sold in a last-ditch attempt to save U... by namdnay on Monday May 16, 2022 @03:20PM (#31402082)
Who is going to put their money in a stable coin paying 0.2% interest when the guy next door is offering 20%? Answer:anyone sane, but they wouldn’t be there in the first place
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