Building a Perfect Stablecoin w/ Austin Campbell - Flyhweel #54
Flywheel DeFi
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The Pros and Cons of a Bank Deposit Token
There's potentially two different kinds of stablecoins that a bag could issue. One would be what I will call a bank deposit token, which is just your deposit at the bag but in stablecoins form. The second way they could potentially do this is creating sub entities that look more like some sort of internal body market fund or to use a term the Fed uses: The Fed's worst nightmare.
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