Difference between Anchors and Issuers

amalcs23

Hi Developers,
I am little bit confused about Anchors and Issuers. While developing in the toml file I found for one Anchor there are multiple Issuers. How anchor and Issuers are related?
How can a wallet truest the issued asset if there are multiple issuers.
How can we ensure that the issuing account follow the legal conditions like Anchor.
How issuers ensure trust over the issuing assets?

Sorry for my little knowledge. Looking for your valuable answer.

DrewPalmer

Anyone can be an issuer of a Stellar-powered token or coin. Your create it and it's yours, and you can issue and distribute and use it any way you want.

An Anchored token is a very different thing -- in theory it has to be provably tied to a specific external asset, so governments can throw you in jail if an issuer says every "abctoken" is backed by 1 euro, and you can't prove that in real time.

DrewPalmer

So I've been schooled twice about different versions of this.

1) An "Anchored" asset in the case of Tether (https://tether.to) being anchored to US dollars, has loopholes. Don't go there.
2) A pretend asset like Marscoin/XMC (https://marscoin.app) has realtime quotes that make it look like it's anchored, but it's not. It's just backstory for a game even though it's calculated in real time.

In any case, if you are in any doubt about what you're doing, take your time. Lawyers take forever but personally I have chosen to go slow and not go to prison 🙂