It’s like the subprime mortgage bonds all over again 
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A stable coin backed by stable coins? Coinception...
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that sounds almost like depositing gold somewhere and effectively being given a piece of paper with a symbol that looks like a $, a €, a ¥ or a £ on it? who in their right mind would partake in such a system..?
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Incorrect. You deposit gold, they credit you in casino chips. And when you want to withdraw they only give you Tether.
End of conversation
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Awesome! So I can give Huobi my stablecoin, and they will immediately convert it to Tether 1:1, free of charge!
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fundamentaly flawed and absurd.... just how moonlambo degens like it
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Huobibux
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