They need the actual cash for this. Like on ledn.io the lend cash to you bank account so they need the cash lthat is lend out
In coinbase caee they dont need the cash because you get usdc wrapped in foil
Say someone takes out a USD loan against their #bitcoin. Where do those newly created dollars come from? Presumably those newly created dollars debases the supply of everyone else holding dollars?
#asknostr
Cc nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en
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