👋 This comes up often enough that I added a footnote (no. 5) to address it; repasting it here
If Glo reaches trillions of dollars of market cap, we’re most likely operating in a world where we issue multiple stablecoins in different currencies. Each reserve would then be backed by government bonds denominated in each stablecoin’s currency.
So our truly long-term vision doesn’t depend fully on T-bills, though what yield we get in such a scenario is hard to predict. Thanks for prompting us to communicate more clearly about this
👋 This comes up often enough that I added a footnote (no. 5) to address it; repasting it here
So our truly long-term vision doesn’t depend fully on T-bills, though what yield we get in such a scenario is hard to predict. Thanks for prompting us to communicate more clearly about this