[Skillet83]

Originally Posted by Wayne 962

So, I don't really understand why anyone would hold a stablecoin. That doesn't make any sense to me. Take a US Dollar and convert it into something else that is far less of a credit risk (far, far less), but also keep all the risk of the US dollar and inflation? Unless I'm missing something, that doesn't make sense. It only seems to make sense if there is an intangible benefit that I'm not seeing, like being able to use it easily for illegal activities. That's pretty much the only thing I can think of?

So, is there a market to launch a "stable coin" that is backed by real estate? Seems like it could be a smart move. Say someone has a sizable real estate portfolio. They could issue their own "stable coin" backed against the assets. With a 1-to-1 trade on the US dollar, the assets would be guaranteeing the coin. But, for the portfolio owner, the money received would be essentially a zero-interest loan from the coin holders, and then the income from the properties would be "management fees". If one could borrow from Joe and Bob at zero percent interest (there's some management costs involved) and then go invest the funds in quality real estate investments, that could be a rockin' business model. It all relies on people wanting to obtain, hold, and use the stablecoin though. I'm also not sure what one would do with "oversuccess". As in, if one has $100M of real estate and then there is $200M worth of demand, I'm not sure how that would work. I guess one could just keep the excess funds in the bank? Also, the issue that real estate values rise and fall and are not locked in step with the dollar. That's an issue too.

Food for thought though...

-Wayne

Here you go:

slt.finance

I hold just a bit over 5000 SLT tokens, one of my larger holdings, massive upside here. June will be an interesting month: platform goes live, tier 1 exchange announcement, staking paid in SLT, properties listed.