@jerallaire Had an enlightening debate with earlier, It was pointed out that Circle uses segregated accounts to avoid liability contagion through the balance sheet, which alleviates 1 concern that I had, but brings up another stablecoin dilemma. Operator solvency > risk than reserve quality
@jerallaire与早些时候进行了一场启发性的辩论，有人指出Circle使用独立账户来避免负债通过资产负债表传染，这缓解了我的一个担忧，但带来了另一个stablecoin困境。运营商偿付能力>；风险高于储备质量