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Cryptocurrency retailer launch NZ dollar-backed stablecoin (www.rnz.co.nz)

submitted 1 year ago by Ilovethebomb to c/offtopic

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I'm not intimately familiar with how crypto works, can anyone explain how this is likely to fall apart? The article is a bit light on detail.

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[–] Xcf456 3 points 1 year ago* (last edited 1 year ago)

as long as they aren't actively trying to scam people

Always the downside with cryptocurrency