They address this on the site: >bUSD is not a stablecoin. It can never be redeem... | Hacker News

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		etskinner 5 months ago \| parent \| context \| favorite \| on: Show HN: Burnt US Dollars They address this on the site: >bUSD is not a stablecoin. It can never be redeemed for USD, and may trade at values other than $1 for extended periods of time.

scyclow 5 months ago [–]

Frankly, this is better than a stablecoin since the value is locked on the blockchain forever no matter what.

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