4 ms·
USDC is backed by cash and cash equivalents (treasury bonds, for instance). They've gone through multiple audits, and are in the process of going public.
by nscalf 4y ago
USDC is backed by cash and cash equivalents (treasury bonds, for instance). They've gone through multiple audits, and are in the process of going public.
- csomar 4y agoThe cash equivalents is highly rated securities and it's unclear what they define as highly rated. They don't disclose the securities they are hedging with, plus they mention that they are actively trading with this money (so there is some additional risk even if they are trading solely treasury bonds).