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A comment on Show HN: Burnt US Dollars. Parent comment

Re:Show HN: Burnt US Dollars by grafmax on Friday September 19, 2025 @08:24AM (#45300848)
I understand the conversion from dollars to coin. What about coin to dollars? There’s a floor but no ceiling, so I don’t see how this is a real peg.
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Re:Show HN: Burnt US Dollars by etskinner on Friday September 19, 2025 @08:48AM (#45301085)
They address this on the site:

>bUSD is not a stablecoin. It can never be redeemed for USD, and may trade at values other than $1 for extended periods of time.

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Re:Show HN: Burnt US Dollars by scyclow on Friday September 19, 2025 @09:34AM (#45301514)
Frankly, this is better than a stablecoin since the value is locked on the blockchain forever no matter what.
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