#STABLEUSD
to the real currency maintained by a somewhat opaque 3rd party for-profit firm. They don't have all the overheads - including extra cost, complexity & transaction friction - that Vanguard has to establish and maintain the StableUSD fund offering either.

9/
April 5, 2025 at 8:23 AM
It's not currency; it's not even store credit; it's more akin to tradeable loyalty points.

If readers still don't grok it, ask yourself this: if Vanguard offered a "StableUSD" mutual fund with Vanguard making the same promise to exchange units at as close to a dollar as they could,...

6/
April 5, 2025 at 8:20 AM