For those trying to say that USDC is 'clear' and backed, remember that an attestation is not the same as an audit, circle has not provided any audit and same as

For those trying to say that USDC is 'clear' and backed, remember that an attestation is not the same as an audit, circle has not provided any audit and same as tether, won't even mention an audit. I choose to believe that what circle and coinbase are doing is creatinng a lot of liquidity by taking coinbase cash and turning it into USDC but at some point a lot of those USDC are being made the same way as tether, is just not real money comming into the ecosystem from either retail or institutions, but just imaginary money that is traded back and forth by coinbase bots to keep the price moving on their exchange