So prime trust just made their own stable coin as a brc20? Not mad honestly
Theyve been using Tether and thats a little shaky. Especially since theyre starting to back it with bitcoin like Luna
Please Login to reply.
Tether is only putting a small % above 100% reserves into bitcoin. So if they have excess reserves (profit) they take a % (i think it’s like 15%) of that and buy bitcoin, so it’s not really backed by bitcoin.
For now....
