zlacker

>>mkeete+(OP)
It's pathetic that regulators haven't stopped this nonsense. These scams don't even last 6 months anymore, it's a joke

>>gloryl+0b
It's pathetic that the U.S. Federal Reserve and Treasury allowed anyone but the U.S. Government to mint a coin 'tethered' to USD, and named anything remotely similar. It's bizarre and a complete reversal from prior practice.

>>unytti+nc
Plenty of countries have currencies which have a fixed exchange with USD, including my own (1 KYD = 1.2 USD).

It just takes a shit-tonne of capital, and it helps to have a functioning internal economy and flexibility to be able to defend against malicious agents.

I suspect there are other legal issues with creating an alternative currency in the us though, which is why these aren't currencies but securities. Which is still fine! A tethered coin is conceptually _similar_ to a 0-yield bond.

Presenting it as being "safe" without it actually being so is the problem here.