Paxos mistakenly mints $300T PYUSD on Ethereum, citing tech error theblock.co 9 points by thm 16 hours ago
f4uCL9dNSnQm 14 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? EduardoBautista 5 hours ago I believe you can sell your USDT back to tether. Although I haven’t heard the same about other stablecoins. walletdrainer 8 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 5 hours ago I believe you can sell your USDT back to tether. Although I haven’t heard the same about other stablecoins.
walletdrainer 8 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
> 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?
I believe you can sell your USDT back to tether. Although I haven’t heard the same about other stablecoins.
Generally this is the way issuers avoid having to KYC everybody.
A few trusted parties is enough to maintain the peg through arbitrage