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Isn'T it better to just keep actual dollars in a

bank, 1:1 (like USDC does), for each USDN, rather than this structure that induces massive Waves sell pressure whenever backing ratio is under pressure?

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No, you are trying to kill the USP of USDN

The best Idea is do use over capitalization. It's even better to use part of the apy buying stocks or gold. People complaining about the desensitized nature doesn't understand the problem. Crypto is a social construction that needs to be used in the real world. So we could use USDn Waves buying stocks all over the world and make it tradeble in a desensitized way. Waves could trade Gazprom or Iranian stocks on the world market bypassing restrictions because making them synthetic. Synthetic in the way holding the stocks in Iran and trading them wrapped.

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