Comment by rustyhancock
4 hours ago
Why couldn't a privacy focus coined, like Monero, be a stablecoin?
You don't need to see where the coins are and move to promise $1 of going for every coin.
4 hours ago
Why couldn't a privacy focus coined, like Monero, be a stablecoin?
You don't need to see where the coins are and move to promise $1 of going for every coin.
Probably the founders/employees of the company issuing/redeeming the token would be arrested very quickly. Tornado Cash people got arrested for much less.
How are you guaranteeing that your private stablecoin will keep its $1 value?
How are you bootstrapping a network to validate private transactions without the promise of potential gains in coin value as its popularity takes off?
Who makes that promise? That's who you are ultimately trusting.