Post
Topic
Board Trading Discussion
Re: Is it possible stable coins could have their own bank?
by
BlackBoss_
on 27/05/2024, 08:43:43 UTC
Is it possible stable coins could have their own bank since they are backed by a country's currency like the U.S Dollar which they use to maintain a stable value?
They have their own banks, with private keys, with valuable assets to back their stable coins.

A biggest stable coin Tether USD.
https://bitcointalk.org/index.php?action=profile;u=3543012
Tether's transparency
Independent Auditor's report (March 2024)

Quote
Or also, knowing that stablecoins are different from cryptoassets which do not have assets as backings and are more volatile
If a stable coin is mint from thin air, without backed assets like US. dollar, gold, is it still a stable coin?

Its value will crash to $0 when people detect this terrible fact.
A deep dive into valuation and depegging of stablecoins[url]