Serious question. If stablecoins become mainstream how will this play

Question

Serious question. If stablecoins become mainstream how will this play

out for Amp? Will it be a positive or negative development? If you can peg a stablecoin to a physical asset(like fiat) why would you need to collateralize a transaction since value transfer is immediate?

#amp #cryptocurrency #english

0

30.08.2023

6 ответов

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AnthonyI Автор вопроса

Thanks for reply. I need to do more homework on stablecoin technology. Anyone recommend a good resource other than Google? Thank You in advance

0

30.08.2023

Ken Virzi

I don’t think you realize what Flexa is trying to do. Current payments aren’t final or fraud proof at all. That’s what collateral backed payments is trying to solve

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30.08.2023

Naija 🦇🔊🪙

Ken Virzi
I don’t think you realize what Flexa is trying to ...

Finality is a function of time and confirmations. All payments eventually reach finality when is the question. And for crypto finality the line between probabilistic and deterministic finality is blur.

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30.08.2023

m₳n in bl₳ck

Naija 🦇🔊🪙
Finality is a function of time and confirmations. ...

100% and to throw in a flexa related thing… this is why different coins have different spending capacity. Time to finality

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30.08.2023

Steve Optimist

Ken Virzi
I don’t think you realize what Flexa is trying to ...

a great risk management strategy as overtime the "pools" will manage risk better than a big fat back office that wears too many hats

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31.08.2023

Naija 🦇🔊🪙 · Accepted Answer

Naija 🦇🔊🪙

AnthonyI
Thanks for reply. I need to do more homework on st...

Flexa uses AMP to ensure economic finality, unlike blockchain finality which can be inconsistent. While the time it takes for USDC transactions to reach finality on a chain can vary and is often debated, Flexa's use of AMP guarantees that merchants will still receive payment even if there's a rollback/fork/reorg of said chain.

0

30.08.2023

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Serious question. If stablecoins become mainstream how will this play

6 ответов

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