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by dtech
1197 days ago
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I fail to see the difference, note that the title mentions "depegs". If they buy 1 USDC at $0.9 with their reserves, they can remove the USDC, and keep $0.1 since they'll need $1 less reserve. How is this fundamentally different from a peg? This is exactly why nations with pegged currencies keep foreign cash reserves. |
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