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SKI | 7 months ago (raw) | root | parent | reply | flag 
 This is pegged
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Cyber Seagull | 7 months ago (raw) | root | parent | reply | flag +1 
 Wow. Stablesats/synthetic USD is a game changer. lightning might be growing on me now
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⚡ODT⚡ | 7 months ago (raw) | root | parent | reply | flag 
 But how is it pegged?

Also, an important factor for those that want USD "stability" instead of sats, is interconnectedness to the banking system. 
The usual question about Bitcoin (at least from my circle) is "ok, how can I buy stuff with this?". For example, a Visa card you top-up with BItcoin makes more sense. You can pay almost anywhere in the world, with your Bitcoin.
Stablesats do not offer this interoperability, they only provide a USD  peg. So you hold USD value but can only send it over BTC/LN. Still useful I guess, for those that live in Bitcoin countries like El Salvador.

I know that in the end, all those will converge, and LN/Cashu will replace (or used in conjunction with) Visa/Mastercard. I can't wait to see how this plays out.