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Prime Trust…. 👀

やトナ 2y ago

So prime trust just made their own stable coin as a brc20? Not mad honestly

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Discussion

MrSoloDolo 2y ago

Theyve been using Tether and thats a little shaky. Especially since theyre starting to back it with bitcoin like Luna

やトナ 2y ago

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.

MrSoloDolo 2y ago

For now....