Wicked, is there somewhere I can read (in laymans terms) how this actually works? Considering the exchange rate volitility, I don't really understand. Are they going to like wrap a dollar in 10 satoshis or something? I mean, don't they undermine the stability of their "pegged" dollar by transmitting it with bitcoin which could run away from them at some point?
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It won't be pegged but it'll be much easier to atomically swap for sats if it's already on the same payment rails.