Is there some magic in redeeming them? And by redeeming I mean going to issuer a... | Hacker News

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		Ekaros 1 day ago \| parent \| context \| favorite \| on: Y Combinator will let founders receive funds in st... Is there some magic in redeeming them? And by redeeming I mean going to issuer and getting the face value in seconds?

direwolf20 1 day ago [–]

You can redeem stablecoins in blocks of a million if you are a registered bank. This is the only way to redeem them. Otherwise you can only trade them.

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