• theneverfox@pawb.social
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    14 hours ago

    It’s probably something like the loan thing, but wackier

    Financial people lose the plot regularly, but they get real creative when it comes to the super wealthy. Time and time again, they’ll take on all the risk for basically reward, all just to chase a whale

    • pdxfed@lemmy.world
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      14 hours ago

      Probably some stablecoin bullshit; they have to have assets to back a coin to .ale it seem legit, as long as use of coin goes up faster than price gold they’ll be able to keep up the scheme? Wonder how that’s working out in the last week with crypto crashing and speculators realizing gravity exists?