Paxos mistakenly mints $300T PYUSD on Ethereum, citing tech error theblock.co 9 points by thm a day ago
f4uCL9dNSnQm 20 hours ago > PYUSD's price momentarily deviated from its $1 peg but quickly stabilized following the burn.Why is there even a market for trading between asset-backed stable coins and USD? Shouldn't issuer always buy it back for nominal price? walletdrainer 14 hours ago Generally this is the way issuers avoid having to KYC everybody.A few trusted parties is enough to maintain the peg through arbitrage EduardoBautista 11 hours ago I believe you can sell your USDT back to tether. Although I haven’t heard the same about other stablecoins.
walletdrainer 14 hours ago Generally this is the way issuers avoid having to KYC everybody.A few trusted parties is enough to maintain the peg through arbitrage
EduardoBautista 11 hours ago I believe you can sell your USDT back to tether. Although I haven’t heard the same about other stablecoins.
> PYUSD's price momentarily deviated from its $1 peg but quickly stabilized following the burn.
Why is there even a market for trading between asset-backed stable coins and USD? Shouldn't issuer always buy it back for nominal price?
Generally this is the way issuers avoid having to KYC everybody.
A few trusted parties is enough to maintain the peg through arbitrage
I believe you can sell your USDT back to tether. Although I haven’t heard the same about other stablecoins.