Re:Cloudflare Introduces Net Dollar
by lossolo on Friday September 26, 2025 @05:52AM
(#45384650)
> Is US dollar backed a good thing? At this point we should be backing things on gold, platinum.
It's about making free money, not about making sense.
They back it with USD because recent US regulations allow stablecoins to be backed by US securities. They will buy these securities, and for every dollar converted into their coin, they will earn a percentage per year. Free money.
It's about making free money, not about making sense. They back it with USD because recent US regulations allow stablecoins to be backed by US securities. They will buy these securities, and for every dollar converted into their coin, they will earn a percentage per year. Free money.