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ANZ the first bank to mint an Australian dollar stablecoin, the A$DC
Tether has over $68bn under their management and just 13 employees. That's a record, the previous record holder was Bernie Madoff's ponzi scheme with $50bn under management and 25 employees. Isn't this concerning given Tethers refusal to be audited?
Tether has over $60bn under their management and just 13 employees. That's a record, the previous record holder was Bernie Madoff's ponzi scheme with $50bn under management and 25 employees. Isn't this concerning given Tethers refusal to be audited?
👟AdidasCoin $ADI – FRESH Launch w/ Upcoming Promotions! DO NOT MISS THIS🚀🚀
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The trial was conducted in February at a Tokyo luxury hotel to determine how digital identity and biometric authentication could speed up hotel check-in times. During the test, individuals checked into the hotel with digital credentials for their COVID-19 vaccination certificate, hotel membership status, and reservation information. Hotel staff members were able to quickly confirm and process each reservation, eliminating paperwork and the manual validation of multiple health documents. The trial made the registration process 20% faster, improving both guest experience and staff operational efficiency. “This was a very successful trial,” said Manabu Natsume, Director of Security Business Innovation Division, Hitachi, Ltd. “In the future, Hitachi will continue to develop new services that combine digital identity and biometric authentication to drive digital transformation and improve customer experience.” “This trial was a great example of the applicability of accountable digital identity to the hospitality industry,” said Ramesh Kesanupalli, Co-founder, ADI Association, and CEO, Digital Trust Networks. “Nothing is more important in the digital world than the security of an individual’s identity and the privacy of the data attached to that identity.
I agree, other than DAI. DAI has proven to be very stable, backed by a minimum of $1.30 worth of assets for every 1 DAI that exists (though last I checked, it was way over collateralized at $2.5/1 ADI), and it's extremely secure. There is no 3rd party audits that need trusting outside of code security audits, and if DAI ever does drop, you can liquidate it for a profit. Basically, and this is over-simplifying, if DAI drops to, say, $0.90, you can turn 10k DAI into $11k of USD worth of crypto, and this process is part of what gives it that upwards power. By taking advantage of this, you are helping push the price back to $1 So with DAI, it's advantageous to be in a losing scenario, which is why it's always near $1 But yeah, of the other coins, they aren't a good long term hold. If you held them for 10 years in a row, there's a very good chance that at least one of those pairs will depeg from real-world phenomenons such as the company not actually backing its goods and being caught in a audit, or being fined by regulars an amount that requires them to dip into the reserves or something. DAI is the only one without that fear that has substantial backing. The only way DAI fails at this point is if the crypto market itself fails. I'm talking drops day after day after day that exceed the max amount the oracle will say a asset dropped. If Bitcoin, Ethereum and USDC all dropped by 21% or more, in unison, every day for weeks on end, it would start to depeg. And I don't just mean "bear market", I mean Bitcoin going from $30k to $1k 10 days time of hyper crash levels. Even a 20% decrease every day wouldn't depeg it, it's that magic 21% that throws off the oracle IIRC, and only if the collateral reaches below $1/1 DAI while having these -21% day after day change would break it
because adidas has no token, if it did ... ADI to the moon!