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Cross-border payments in ~1k words

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Post by mthomasb » Thu, Nov 21, 2024, 6:08 PM UTC

Re: Cross-border payments in ~1k words

Post by [deleted] » Thu, Nov 21, 2024, 6:12 PM UTC

[deleted]

Post by coldtea » Thu, Nov 21, 2024, 6:15 PM UTC

>A stablecoin is a digital currency backed 1:1 by fiat currency like USD, so its value is constant

How does the conclusion follow from the backing situation? It's only constant related to the amount of USD it amounts to.