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Also, have you read the report they issue? This is what it says, for March 2021: "US Dollars held in custody accounts are the total balances in accounts held
by user-the-name 5y ago
Also, have you read the report they issue?
This is what it says, for March 2021:
"US Dollars held in custody accounts are the total balances in accounts held by the Company at federally insured US depository institutions and in approved investments on behalf of the USDC holders at the Report Date."
- viraptor 5y agoI'd be surprised if that amount of money was actually held in cash rather than some investing. The important thing from my point of view is that the total value is claimed to cover all of the usdc. But point taken about the attestation -vs- audit. I'd have to read a bit more about the practical differences.
- user-the-name 5y agoThe original topic of this thread is keeping the money as cash.