Bloomberg Chief Writer: Have you heard of the stablecoin DAT? Can it be theoretically proven that it can't be played?
The original article "Stablecoin Treasury Company" was compiled by Odaily Planet Daily jk.
Original author: Matt Levine is a Bloomberg opinion columnist who covers finance, ranking first in Bloomberg Financial Opinion for many years. He was an editor at Dealbreaker, served in Goldman Sachs' investment banking department, served as an M&A attorney at Wachtell, Lipton, Rosen & Katz, and served as an assistant judge on the U.S. Court of Appeals for the Third Circuit.
stablecoin asset allocation strategy?
Here's a trading game:
you open a company and issue 100 shares at $1 per share, raising a total of $100. Use that $100 to buy ______.
Now the company has $100 worth of ______ on its books, nothing else, and a net worth of $100. The market is bullish on ______, with the stock price rising to $2 per share (a 100% premium to net assets) and a market...