Comment by extraextra
1 hour ago
That's a quick recipe to lose all their customers
That's exactly the scenario they say they would never do and go as far as to have external audits to prove that they're not just "printing" free cash
1 hour ago
That's a quick recipe to lose all their customers
That's exactly the scenario they say they would never do and go as far as to have external audits to prove that they're not just "printing" free cash
I guess the point is simply that "blacklisted" coin is no longer a liability. They wouldn't be "printing free cash" they'd be cash neutral.
The alternative is the stablecoin providers effectively keep the money for themselves. At that point the justification for the blacklisting seems like little more than self enrichment?
They just freely delete their credit.