Have you heard of BitUSD?
It is a CryptoAsset that attempts to peg itself to the US dollar in a decentralized fashion. There is no counterparty risk and there are no IOU’s. It is backed by 300% collateral on the world’s first decentralized exchange – and also pays interest…. this means is you can hold value in crypto.
BitUSD – along with Tether – together, are now being traded on Shapeshift.io (Erik Voorhee’s no account, no password crypto exchange).
Is this too good to be true? Will this be the killer app for bringing Bitcoin to the masses? How long has it been working? Has there been any hiccups? Is this the future of fiat?
Find out more with our good friend Max Wright of BitShares.
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