Tony D’Addeo
@deodad
how do the major stable coins maintain their price? more specific the answer the better
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Dan Romero
@dwr.eth
USDC has regular public audits available. If you don’t believe Circle and Coinbase are able to redeem $1 for each 1 USDC, then someone who does will be willing to buy it from you at the discount essentially risk free. Thus the discount is below the clearing price for it to make sense.
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Tony D’Addeo
@deodad
makes sense but where does this play out? how do I redeem? are there specific large LPs where I can see this in action?
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