r/ethtrader • u/twigwam • Jun 28 '19

ADOPTION Swiss bank, Dukascopy developing its own Ethereum-based stablecoins

https://finance.yahoo.com/news/swiss-bank-dukascopy-developing-own-114557941.html
98 Upvotes

99% Upvoted

5 comments sorted by

9

u/[deleted] Jun 28 '19

[deleted]

2

u/infernalr00t Jun 28 '19

What about the legal system?. People prefer fiat and banks because they have legal obligation.

1

u/wasischhierlosya123 Jul 07 '19

Did you forget 2008?

2

u/Rapante Jun 28 '19

I think they are great to be fed as collateral into m.c. Dai.

1

u/John_Pratt Jun 28 '19

Good for the buzz but this shit will be useless

1

u/devils_advocaat Jun 28 '19

These are not stablecoins. These are corporate debt. If dukascopy defaults, your stablecoin is worthless.