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How is USDC nonsense? If you actually have the associated USD as collateral, it is most definitely not nonsense.
by fastball 5y ago
How is USDC nonsense? If you actually have the associated USD as collateral, it is most definitely not nonsense.
- jhanschoo 5y agoA reason to be wary about USDC are that their haven't been audited, just attested https://www.circle.com/en/usdc https://www.circle.com/en/usdc , and not even recently at that. Note that attestations are easy to fake: the article mentions the case of Tether > Failing to complete an audit and settling on an attestation “for transparency”. The morning of the attestation, tether moved $380m from sister company bitfinex into a bank account to pass the verification