this post was submitted on 16 Oct 2025
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PayPal's stablecoin, which it debuted in 2023, is supposed to be redeemable at a 1:1 rate for US dollars. $300 trillion is more than double the entire world's current GDP of $117 trillion. In short, that's a really bad mistake from Paxos.โ€œ

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[โ€“] barrbaric@hexbear.net 11 points 1 week ago

Economists don't want you to know this one weird trick!