Diamonds are "measured" in CARATS first of all. Usually 1 gram is equivalent to 5 carats. And a 5 carat diamond can be worth between $100 - $100k depending on color, quality, clarity etc.
I really don't see how you can call this "STABLE".
Talking about "backed by diamonds" ... how many grams do you have to back your coin?
Value is that of a 1 gram (5 carat), UNCUT diamond, which is around 100$. So far i have 50 grams of diamond.I really don't see how you can call this "STABLE".
Talking about "backed by diamonds" ... how many grams do you have to back your coin?
Thank you for your opinion.
I guess it's not yet clear about how you can say if that will be going to the stable coin consider diamond has various types and then how can you sure if it will be stable? The guy above you said the correct thing about the diamond and how can you handle this problem?