Oddbean new post about login | logout Calle is testing usd in cashu, the price is pegged to usd like a stable coin. This involves an Exchange. I think he shared the schematics a few days ago.
Interesting.
It depends on the backend that is used. This particular nut's reserves live "somewhere else" (let's keep it that way) but the mint could also run noncustodial USD pegs like stablechannels or DLCs or TapAss or ...