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Replying to Avatar calle

Idk if people are ready for this, but I believe the world is. First tests of USD Ecash. Backed by BTC.

Everyone can run a mint. Everyone can make a wallet. USD can be spent everywhere BTC is accepted. Open protocols all the way down. No gatekeepers. This is only possible because of the permissionless nature of Bitcoin.

You'll zap USD on Nostr and you'll be happy. It's going to be so insane.

https://video.nostr.build/2bd2bd63fbd4c77d64d5f8a2a1cab6ccbea48c541c96be2f28fa5e57276be872.mp4

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Papa Figos 1y ago

What happens to the BTC-backed USD when BTC crashes 80% and the mint has no collateral to back its debts?

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