Interesting article John. I'm curious, how do stablecoins maintain their convertibility? I know that nations that peg their currency to other currencies (usually the dollar), they have to use open market operations to buy and sell US dollars. Of course, this all works because the countries generally net export. Is that the case here as well? If so, do these stablecoin companies have to provide some sort of service to get the dollars necessary for convertibility?

F. Kirk Mahoney

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