Cool! Basically tether on e-cash. My guess is that exchanges will rug mints of their dollar balance, but that will have to be seen.
Can a DLC be sustained indefinitely? Presumably the mint would need collateral.
I would not be surprised if Tether ends up running a mint. Good way for them to acquire sats.
Yes, afaik DLC's don't have a mandatory lifespan. Any backend that can pay / receive on LN with a fiat balance would work (plus a bunch of other specific requirements).
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