Binance Says Stablecoin Partner Been Told to Stop Minting BUSD

Re:Binance Says Stablecoin Partner Been Told to Stop Minting... by saurik on Monday February 13, 2023 @01:04PM (#34777506)

I don't understand how this could be true: can't you just charge fees for the things which require your effort? Tether, for example, charges 0.1% for every withdrawal.

[ Parent | on HN ]

Re:Binance Says Stablecoin Partner Been Told to Stop Minting... by Femtiono on Monday February 13, 2023 @01:53PM (#34778281)

Yes you can.

But smaller the profit, smaller the motivation to do it.

Bigger the profit higher the amount of other companies.

Too high of fees and people won't do it. And than upkeep costs also money.

Now you have inflation build in.

This has very little to do with stable :)

[ Parent | on HN ]