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Could cashu or fedimint also be used to issue stable coin tokens? I'm trying to think of a way to use this tech for festivals.

Ideally..

* festival goers buy cashu tokens (could just be SATs, but to get agreement from stallholders festival management, sat to dollar ratio would need to be locked for length of festival).

* NFC chips in wristbands could be used for purchasing food etc at stalls.

* mobile phone app used to check balance of NFC band, lock it, unlock it, set spend limits.

* tokens could be redeemed for bank deposits at end of festival.

They had this at last festival I went to (no phone app though).

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Discussion

hit with a hint of s 1y ago

Why not other way round and just use sats?

Stall owners could simply set the sat price locked for the duration of the festival.

You could offer sat purchase and redemption to USD at fixed price for the duration of the festival but I doubt you would like to.

TheBitcoinManual 1y ago

Sure fedimint were working on stability pools for those who want USD exposure, not sure how far they got with it yet, but it was really just for people who want to reduce vol exposure in the medium term

I don't see how this use case would be enough, people can just price in USD and settle on the fly and let the wallet do the conversion