It says right here
The mint is trusted in three ways: it’s trusted not to lose/spend/steal all the funds backing the coins it issues;
it’s trusted to correctly use its private key when doing blind signatures; and
it’s trusted to accept coins it issues either to replace them for new coins when ecash is being transferred to a new owner, or to redeem it for the bitcoin it’s backed by.
So, it's based on trust?
125 sats \ 1 reply \ @freetx 19 Feb
Yes, the risk of debasement is real.
Risk levels.
Least RiskGreatest Risk
BTCLNArk/MercuryLiquidFedimintseCashBitcoin Bank/CEX
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This is Gold 2.0!
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