30 days update..! The stable channel is stable for non stop stable. During this time, BTC price went from $62k to $71k to $66k. No change to the minted ecash token..! see it for yourself at https://umint.cash/por#por
Thanks to @tonklaus and @bob for making this possible..
$600 and counting... Can't understand why $$ value grows even when BTC price is going up..! Also, there are over $3k burn proofs which means the redemption is working well...! #cashu
The idea for https://umint.cash
is to reimagine a new stable mechanism that is fully automated, auditable and backed by Bitcoin that has no external dependencies to the legacy fiat world.
Already $300 minted on umint.cash. Over $1500 minted and $1200 melted cashu tokens. Watch it real-time on https://umint.cash/pol#pol. thanks to #cashubtc
Let's be realistic here. They did not have 1000s of locations.. Other than Miami conference it was not used anywhere in the US..! So this is more of business decision than regulatory closure.
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