BitUSD doesn't need or depend on any banking backing. BitUSD are transparently collateralized with at least 175% of their target value in BitShares locked up on the blockchain. This is how they can function without subjecting holders to counterparty risk like competitors do.
You are viewing a single comment's thread from:
I see, just been hearing a lot about Arise recently and wanted to ask if that related to bitshares or bts considering how convenient they are for many of us.