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by everybodyknows
260 days ago
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Working through the links gets to this: https://netdollar.cloudflare.com/ > Will NET Dollar be fully backed? > Yes, every NET Dollar will be fully collateralized by a U.S. dollar, ensuring transparency, reliability, and price stability. Really? Backed by an asset that's depreciating at 3-4% annually? A money market fund, such as other stablecoins use, seems more likely. With billions of principal, every basis point of yield will be wanted. And the way to maximize is to hold commercial, not government, paper. See "Reserve Primary Fund, 2008". |
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