bitbybit on Nostr: Stable coins are maintained with a peg. When enough people sell the stable coin the ...
Stable coins are maintained with a peg. When enough people sell the stable coin the peg breaks. The issuer of the stable coin needs to maintain the peg with deposits.
Published at
2025-03-12 19:58:28Event JSON
{
"id": "de848a2cdf0096ea6fbda16ab4a7caf49a28afe32afbfa58d1fe9b377c9ec36b",
"pubkey": "3e0c0b7ec13c50a4b0bbb7ac8b750ff8ab0f13b80d8ff96e30499fd40cda8a9e",
"created_at": 1741809508,
"kind": 1,
"tags": [
[
"e",
"aedd8b3cc5bcece658a5f41e0b475eab8de15dbe81399bd3444af0a0e31f625e",
"",
"root"
],
[
"p",
"9f83869cafcfe6d34e30d46044bc81dd240858b29a1f6bf12e44efc8c6d53766"
]
],
"content": "Stable coins are maintained with a peg. When enough people sell the stable coin the peg breaks. The issuer of the stable coin needs to maintain the peg with deposits.",
"sig": "b7787af6012fcc3a0f60c89a6ff2c8db959a5748b400223fcc36113658ea28139d50c868bb7e725852065cd3bb28c0566cc00ceaa78662218ebd9993f13faf6a"
}