All-In with Chamath, Jason, Sacks & Friedberg
DOGE kills its first bill, Zuck vs OpenAI, Google's AI comeback with bestie Aaron Levie
Chamath Palihapitiya
So what a stable coin is supposed to do is when you give them a dollar, they're supposed to go and buy some short-term treasury security so that that dollar is always guaranteed, right? Because if you had a billion dollars of stable coins, but only $900 million of assets to back them up, there's an insolvency risk there. There's a run on the bank risk, right?
0
💬
0
Comments
Log in to comment.
There are no comments yet.