Hey guys,
today I learnt about Smart Contracts, so my thoughts may be completely stupid or my ideas are already reality for years.
I learnt that you can create a Stablecoin for exampled backed with USD on Ethereum using Smart Contracts. (Of course there is a institution behind every stablecoin, which stores the USD, that you have to trust)
Isnt it possible for an institution or company to create a stablecoin pegged to a stock index like the NASDAQ then? So for every "NASDAQ-Coin" issued, the company would have to rebuild the NASDAQ index by buying the contained stocks.
The benefits are obvious: You could invest in the stock market anonymously. Also there would be tax benefits as a cryptocurrency can be traded taxless in many countries, in contrast to high taxes on trading stocks directly at exchanges.
Would this be possible?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments