> $21.7B of its own stablecoin BUSD
You can't hold your own coin as an asset! This is what blew up FTX.
You can't hold your own coin as an asset! This is what blew up FTX.
I don't get what's the point of holding your own stable coin except to potentially double the money they have?
Lets say they have $100M in cash(from wherever). Now they print 100M BUSD with the earlier $100M backing it up. Now they have $200M that they can borrow against?