no
This is going into an uncharted territory...! But the peg is staying strong... Lots of people ask what happens when BTC price goes below 50%? The real question is what happens when price goes above 50%? We will find out
soon...! Find out more at https://umint.cash

One thing I don't understand why the stable tokens keeps increasing no matter if the BTC price goes up or down..! It is good to be in $$ printing business I guess?? 
great presentation. Learnt something new about mining and glad you are solving the mining pools concentration with ecash.
Hmm.. that's not good. do you have preimage from the original txn where you converted lightning to cashu tokens?
Enabled "EUR" cashu token on https://stablenut.umint.cash/ check it out on cashu.me or minibits wallet. Here's the PoL which is available at https://umint.cash/pol#pol 
Thanks. this remained me to go eat lunch...! BRB
BTC price is up and down.. It is ok for my HODL bags long term, but if I am planning to spend some sats either through zaps or pay for services, better to keep it pegged to USD. cashu tokens let's you do it in a much easier way through lightning. Simply use any cashu USD supported wallets such as cashu.me or boardwalkcash.com and push some sats to keep it same value.
Stack sats, peg USD tokens... Enjoy the July 4th holidays...!

Dampens the BTC volatility.. if you are holding BTC in your spend wallet and price goes down then your purchasing power reduces..! This is only for BTC that you want to spend.. for long term hodl, just use hardware wallet..
AND⦠WE ARE SOLD OUT! No more USD cashu tokens...!
What started as a proof-of-concept (POC) test last month with stable channels and Cashu mints turned out to be a huge success!
TL;DR: If you want us to keep this going and add more liquidity, please like and repost this for visibility.
We are actively working on increasing liquidity to continue this initiative. If you are interested in providing liquidity and earning some satoshis (sats), please DM me!
Stable Channel: The goal is to maintain a balanced channel by pegging the amount of sats to $1000 on one end. From May 13th until now, the stable channel has remained exceptionally stable, maintaining $1000 while the BTC price fluctuated from $63,000 to $71,000 and back down to $60,887. The channel balance on the stable receiver side never fell below $1000.
Stats on Stable channel:
Days uptime: 44
Payments made: 10,333
Largest Stable Receiver Amount: $1,014
Smallest Stable Receiver Amount: $984
Cumulative Payments: $17,912
Mean Payment: $1.73
Median Payment: $1.52
Standard Deviation: 1.26
Almost $18,000 in payments back and forth!
Cashu Mint: umint.cash is the only cashu mint that supports USD tokens now. Anyone can use a supported wallet to mint tokens by paying a lightning invoice. While many big stablecoin projects struggle to show proof of reserves/liabilities, we provide that info real time on the mint website. Dollar balance stays the same and not subject to volatility...!
Stats on Cashu USD Mint:
Casu tokens minted: 18,059
Cashu tokens melted: 13,997
USD value of cashu tokens minted: $5,500
USD value of cashu tokens melted: $4,501
Number of cashu wallets supported: 3
And the good thing is that these statistics are available real-time on the mint website https://umint.cash/ All we need to do now is to keep increasing the liquidity..! We are not bounded by exchanges or treasuries.. All within Bitcoin...
Please like and repost for visibilityβ¦!
Thanks for everyone involved in making this a successβ¦!
Stablechannels by nostr:npub1m0st2r43ph6ftu9az8sm69n5357jx5qkcyj09jmaucr6vvy3w5yqueqp5h
Boardwalk cash wallet by nostr:npub1cd0l3s6qgj0s6690rtkys39mgj5upwxpm4856nhmce0pyqu6xj9qh7xlvx
Master of cashu nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg

import does not work if the profile is in different relay. create a new id and play with it.
$10 more to go.... and then we are SOLD OUT...!

Hello nostr:npub1mz3vx0ew9le6n48l9f2e8u745k0fzel6thksv0gwfxy3wanprcxq79mymx
I have created this new plebai character
but it does not generate in #nostr
https://plebai.com/nostr/indianajones@plebai.com

could you have a look?
ok. will look into. thanks for creating it.
30 days update..! The stable channel is stable for non stop stable. During this time, BTC price went from $62k to $71k to $66k. No change to the minted ecash token..! see it for yourself at https://umint.cash/por#por 
Thanks to nostr:npub1m0st2r43ph6ftu9az8sm69n5357jx5qkcyj09jmaucr6vvy3w5yqueqp5h and nostr:npub1cd0l3s6qgj0s6690rtkys39mgj5upwxpm4856nhmce0pyqu6xj9qh7xlvx for making this possible..


