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FraxTrain-

Also one more thing I wasn’t very clear on. Read

an article saying stablecoins may be forced to hold reserves at the fed or smthing, how would that affect frax? Would it have to/be looking to comply if something like this came up?

#cryptocurrency #english #frax
0

5 ответов

7 просмотров
Sam-Kazemian ¤⛓️¤

That would actually be something we would be extremely interested in doing. If the Fed gave FRAX a master depository account, I think that would cement FRAX as a pillar of onchain dollar stability. I am skeptical if the Fed will do that as they do not give any banks even master accounts, but that would be beyond bullish if it was offered to leading onchain stablecoins.

0
20.05.2022
FraxTrain- Автор вопроса
Sam Kazemian ¤⛓️¤
That would actually be something we would be extre...

Sounds great! Is there any mechanic or Avenue through which the fed or any other regulator could force frax to shut down or impede its operations in any way?

0
20.05.2022
Sam-Kazemian ¤⛓️¤
FraxTrain
Sounds great! Is there any mechanic or Avenue thro...

I'm not aware of any reason why they would. In fact, I think it would make more sense to have regulators offer leading stablecoins Fed depository accounts and let them have direct treasury yields than to shut them down. It would stifle innovation and technology to outright shut them down. If we were offered a Fed master account, we'd be extremely interested.

0
20.05.2022
FraxTrain- Автор вопроса
Sam Kazemian ¤⛓️¤
I'm not aware of any reason why they would. In fac...

That makes sense to me. Only concerns I have is if some uncommon sense policy was to be passed to crackdown on decentralised stables like frax or dai

0
20.05.2022
AC-T
Sam Kazemian ¤⛓️¤
I'm not aware of any reason why they would. In fac...

That would be so cool the government working with frax

0
20.05.2022

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