If repayments are made in stablecoins and later used to buy ADA, a lower ADA price simply means the treasury acquires more ADA per dollar than at the point of conversion. That is effectively buying ADA at a discount. It is a shift in risk but we are long ADA anyway. Borrowers
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If repayments are made in stablecoins and later used to buy ADA, a lower ADA price simply means the treasury acquires more ADA per dollar than at the point of conversion. That is effectively buying ADA at a discount. It is a shift in risk but we are long ADA anyway. Borrowers