
Joe Burnett, MSBA|Apr 18, 2025 21:47
If covenants are enabled on bitcoin, would it be possible to create a decentralized, bitcoin-collateralized USD stablecoin using DLCs, oracles, and covenants?
Covenants could require that, in order to spend (repay) the bitcoin collateral, you must also spend the stablecoin ordinal UTXO — ensuring that only the current holder can claim the collateral. Or no?
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