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⚠️ Copihue: the Chilean stablecoin that promises 1 CLP, are you taking the risk?
Copihue, the stablecoin born in Chile, says it aims for a parity of 1 CLP = 1 COP backed by dollars and Central Bank bonds, supported by a PwC audit that certifies $10 M in reserves. To date, the CMF has not granted it official permission, leaving a regulatory gap. If you put more than 5% of your portfolio into Copihue without verifying the real reserves, you could get trapped in a brutal de-peg and lose everything. My advice: review the contract, demand the audit report, verify that the reserve is held in segregated accounts, and keep your exposure minimal until the CMF regulates it. Have you taken a look at the report, or are you going in blindly?
#Copihue #StablecoinCLP #RegulacionChile #CMF
Not financial advice. Check before investing.
⚠️ Copihue: the Chilean stablecoin that promises 1 CLP, are you taking the risk?
Copihue, the stablecoin born in Chile, says it aims for a parity of 1 CLP = 1 COP backed by dollars and Central Bank bonds, supported by a PwC audit that certifies $10 M in reserves. To date, the CMF has not granted it official permission, leaving a regulatory gap. If you put more than 5% of your portfolio into Copihue without verifying the real reserves, you could get trapped in a brutal de-peg and lose everything. My advice: review the contract, demand the audit report, verify that the reserve is held in segregated accounts, and keep your exposure minimal until the CMF regulates it. Have you taken a look at the report, or are you going in blindly?
#Copihue #StablecoinCLP #RegulacionChile #CMF
Not financial advice. Check before investing.
Copihue, the stablecoin born in Chile, says it aims for a parity of 1 CLP = 1 COP backed by dollars and Central Bank bonds, supported by a PwC audit that certifies $10 M in reserves. To date, the CMF has not granted it official permission, leaving a regulatory gap. If you put more than 5% of your portfolio into Copihue without verifying the real reserves, you could get trapped in a brutal de-peg and lose everything. My advice: review the contract, demand the audit report, verify that the reserve is held in segregated accounts, and keep your exposure minimal until the CMF regulates it. Have you taken a look at the report, or are you going in blindly?
#Copihue #StablecoinCLP #RegulacionChile #CMF
Not financial advice. Check before investing.
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