| ▲ | grafmax 5 hours ago | |||||||
I understand the conversion from dollars to coin. What about coin to dollars? There’s a floor but no ceiling, so I don’t see how this is a real peg. | ||||||||
| ▲ | etskinner 5 hours ago | parent [-] | |||||||
They address this on the site: >bUSD is not a stablecoin. It can never be redeemed for USD, and may trade at values other than $1 for extended periods of time. | ||||||||
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