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Author Topic: Meaning of Stable Coin Minting and Redemption  (Read 3446 times)

Offline Rakhee

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Meaning of Stable Coin Minting and Redemption
« on: March 07, 2019, 11:51:20 AM »

I am confused if Stable Coin minting means creating new coins or purchasing coins ?
Does coin redemption means coin selling ?

Regards
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Meaning of Stable Coin Minting and Redemption
« on: March 07, 2019, 11:51:20 AM »

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Offline Peter90

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Re: Meaning of Stable Coin Minting and Redemption
« Reply #1 on: July 17, 2019, 02:17:40 PM »
Minting means creating new coins.
Redemption is the opposite of minting: through redemption coins disappear.

Stablecoins get redeemed by getting exchanged for what they are backed with.
If they are backed by US dollars, redemption means exchanging them for US dollars.
If they are backed by oil, redemption means exchanging them for oil.

 :)
« Last Edit: July 17, 2019, 05:59:55 PM by owej90 »
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