Comment Comment by ur-whale What has the SEC said about this endeavor?Who are your custodian banks (how many)?Who are your auditors?Will you be holding exactly one USD for one token?Will the backing be just USD sitting in a custodian account or do you plan to invest them?How are you going to deal with the fact that your custodians will likely be doing fractional reserve themselves?How will you guarantee fungibility of the token? parent ur-whale 8 years ago
Who are your custodian banks (how many)?
Who are your auditors?
Will you be holding exactly one USD for one token?
Will the backing be just USD sitting in a custodian account or do you plan to invest them?
How are you going to deal with the fact that your custodians will likely be doing fractional reserve themselves?
How will you guarantee fungibility of the token?