News about Debt

by COINS NEWS - 1 year ago

El Salvador Might Default on Its Sovereign Debt

I still remember all the fanfare and hubbub few months back amidst Cryptobros as El Salvador adopted bitcoin as legal tender. Now as bitcoin plumbers and crypto melts, El Salvador is not in a good shape. https://fortune.com/2022/06/08/el-salvador-bit...

by COINS NEWS - 2 years ago

Shot's fired from Paxos: both USDC‘s and Tether’s tokens are “stablecoins” in anything other than name- both of their products are backed by illiquid and risky debt obligations — a critical weakness that no prudential regulator would allow to exist as thi

Stablecoins seem to be the talk of the town, nice post from last year... TerraUSD shizzle applicable... A Regulated Stablecoin Means Having a Regulator I have been reading with a combination of disbelief and exasperation the recent claims by Circle t...

by COINS NEWS - 2 years ago

Shot's fired from Paxos: both USDC‘s and Tether’s tokens are “stablecoins” in anything other than name- both of their products are backed by illiquid and risky debt obligations — a critical weakness that no prudential regulator would allow to exist as thi

Stablecoins seem to be the talk of the town, nice post from last year... TerraUSD shizzle applicable... A Regulated Stablecoin Means Having a Regulator I have been reading with a combination of disbelief and exasperation the recent claims by Circle t...

by COINS NEWS - 2 years ago

Shot's fired from Paxos: both USDC‘s and Tether’s tokens are “stablecoins” in anything other than name- both of their products are backed by illiquid and risky debt obligations — a critical weakness that no prudential regulator would allow to exist as thi

Stablecoins seem to be the talk of the town, nice post from last year... TerraUSD shizzle applicable... A Regulated Stablecoin Means Having a Regulator I have been reading with a combination of disbelief and exasperation the recent claims by Circle t...

by COINS NEWS - 2 years ago

Shot's fired from Paxos: both USDC‘s and Tether’s tokens are “stablecoins” in anything other than name- both of their products are backed by illiquid and risky debt obligations — a critical weakness that no prudential regulator would allow to exist as thi

Stablecoins seem to be the talk of the town, nice post from last year... TerraUSD shizzle applicable... A Regulated Stablecoin Means Having a Regulator I have been reading with a combination of disbelief and exasperation the recent claims by Circle t...

More / Etherum Reddit - 2 years ago

Question about debt

So I have recently gotten into monetary theory. Basically, transactions in the world of fiat are pretty much all just debt being thrown around in the form of government currencies or bank deposits. This means that most transactions change the amount...