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by tootahe45 2559 days ago
>Parity with this basket of currencies will be reached via a redemption mechanism similar to other stablecoins such as Tether

So.. no reliable way to actually get your monopoly money into USD? at least they don't falsely claim to have the USD sitting in a bank, that's a start i guess.
1 comments
jmalkin 2559 days ago
An article I read claimed exactly that, saying that the real money sitting in a bank would also be used for generating interest to pay back initial investors

Can't find the source but it was reliable, Techcrunch or the New York Times I think

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cynicalreason 2558 days ago
They literally say so in their white paper. It's 'assets' not USD specifically
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