dev.shack on Nostr: Am I correct in thinking stablecoin issuers use fiat for investment in "reserve ...
Am I correct in thinking stablecoin issuers use fiat for investment in "reserve assets" for org profit? Why not issue smart contract for investment with users staking stablecoin as profit participants?
Published at
2023-12-08 02:33:15Event JSON
{
"id": "ad6500c04582a4329425ff419577eae7d7b3c2d453614842af3bbeb47f07fa81",
"pubkey": "38e814f260d9e23a6940ccc3ac259f6a037c332e2002e2825977fa3ca29d16dc",
"created_at": 1702002795,
"kind": 1,
"tags": [],
"content": "Am I correct in thinking stablecoin issuers use fiat for investment in \"reserve assets\" for org profit? Why not issue smart contract for investment with users staking stablecoin as profit participants? ",
"sig": "4eb96bae1c06bbf5387c17495d49ff24eb6499839bd501f7346ead7a3e14fb528f7375dbd97225d1d28a5bff2f497e5205a3b49a724f4a409260954270798a6a"
}