3min chapter

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#119 — The Man Behind BitClout and The DeSo Blockchain — DiamondHands Nader Al-Naji

Magic Minds

CHAPTER

Do You Have a Dollar Back Stable Coin?

Nater: We raised a hudred forty million dollars, and it turned out you actually could do a dollar back stable coin very easily. It also turned out that doing stable coin the way we wanted to do it, where we have a crypto collateralized asset that backs it was not duable. And ultimately, my decision around it was that, a, it would be better to return the money rather than try to launch something that's really risky from like, a regulatory standpoint or a, do something not exciting, you know.

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