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USDC is rapidly shedding legitimacy in order to grow this quickly. Do not expect it to be much different than Tether ultimately.
by user-the-name 5y ago
USDC is rapidly shedding legitimacy in order to grow this quickly. Do not expect it to be much different than Tether ultimately.
- shawabawa3 5y agoHow are USDC losing legitimacy? I haven't heard of this. They have monthly attestations that they hold the backing funds by a legit accountancy firm
- user-the-name 5y agoThey have monthly attestations, but an attestation is not an audit. What those attestations say is also not the same from month to month. Lately, they have been changing the exact thing they attest. For instance, the attestations no longer claim that they hold backing funds.